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Square Yards Reviews

Gurugram, Haryana

4.3/ 5

3 reviews

Square Yards is an Indian real estate and financial technology company headquartered in Gurugram, Haryana. Founded in October 2013 by Tanuj Shori and Kanika Gupta Shori, the company began its journey in Hong Kong as a research-led startup focused on helping non-resident Indians (NRIs) navigate the primary residential property market in India. Since its inception, Square Yards has scaled from a niche brokerage firm into India's largest integrated technology-driven platform for real estate and mortgages, establishing a significant international footprint across nine countries, including the United Arab Emirates, Australia, and Canada. The company operates a full-stack proptech ecosystem that covers the entire consumer property journey, integrating search and discovery, property transactions, mortgage aggregation, interior design, rentals, and property management. Square Yards utilizes an Online-to-Offline (O2O) transaction and aggregator business model. To support this comprehensive ecosystem, the company has diversified its operations through several dedicated subsidiaries and specialized verticals: - Urban Money (formerly Square Capital): A major mortgage and financial services marketplace that handles home loans, mortgage advisory, and lending partnerships with over 150 banks and NBFCs. - Azuro: A rental and property management platform acquired to handle tenant acquisition, background checks, and property maintenance. - Interior Company: A wholly owned subsidiary providing standardized, modular home furnishings and interior design solutions. - PropVR: An AI-based platform specializing in 3D visualization, virtual reality, and augmented reality to provide immersive digital property tours. - PropsAMC: A real estate data, analytics, and asset management platform. - Edge: A proprietary Software-as-a-Service (SaaS) platform launched for third-party real estate sales and enterprise management.Financially, Square Yards has demonstrated rapid growth and transitioned into a profitable consumer tech enterprise. For the fiscal year ending March 31, 2026, the company reported a 48% year-on-year revenue increase to INR 2,086 crore, with its EBITDA jumping 3.7 times to INR 176 crore. Driven by its fintech arm, Urban Money, the platform facilitated loan disbursals worth INR 87,831 crore in FY26. The company has entered the unicorn club, securing a Rs 900 crore (approximately $95 million) funding round comprised of debt and equity anchored by EAAA Alternatives and Muzinich & Co., which placed its valuation above $1 billion. This follows previous institutional backing from investors such as South Korea's Smilegate Group, Reliance Group, and Bennett Coleman and Company Limited (BCCL). Led by CEO Tanuj Shori, CFO Piyush Bothra, and COO Kanika Gupta Shori, Square Yards employs around 7,000 people globally and is actively preparing to file a Draft Red Herring Prospectus (DRHP) for its upcoming initial public offering (IPO).