Proptech agency Sq. Yards has raised $35 million in contemporary fairness funding led by South Korea-based Smile Gate Group, with participation from its current traders. The spherical values the corporate at $900 million.

Based in 2014, Sq. Yards operates an built-in actual property and mortgage companies platform spanning property search, discovery, transactions, house loans, interiors, leases, and property administration. Its fintech arm, City Cash, offers housing, private, and secured loans. Greater than 87% of its enterprise is pushed by means of aggregated channels reminiscent of brokers, advisors, and lending companions, whereas the remaining comes from direct operations.

The corporate has facilitated Rs 12,000 crore price of property transactions and Rs 66,000 crore of loans over the past 12 months. It reported Rs 1,410 crore in income for FY25 with Rs 46 crore EBITDA, supported by a robust actual property cycle and better mortgage distribution volumes.

Over the previous 4 years, Sq. Yards has recorded a 51% income CAGR. For the twelve months ended September 2025, income rose to Rs 1,670 crore and EBITDA elevated to Rs 120 crore because the agency strengthened its profitability forward of its public itemizing plan.

In a separate disclosure, SquareYards reported Rs 455.5 crore in income for Q2 FY26, registering 43% year-on-year development. For the primary half of FY26, income rose 44% year-on-year to Rs 833.2 crore. EBITDA for the interval stood at Rs 23 crore, in comparison with a Rs 49 crore loss in the identical interval final 12 months. Monetary companies contributed about 60% of whole income in H1, whereas the proptech enterprise is predicted to develop sooner within the second half of the 12 months with seasonal restoration and new product launches.

The India enterprise, led by the fintech phase, grew 53% year-on-year and now contributes 85% of the corporate’s whole income. Gross Transaction Worth rose 75% year-on-year in Q2 FY26. Income grew 43% year-on-year and gross revenue elevated 72% year-on-year, helped by a 320-basis level enchancment in gross margin to 19%.

Sq. Yards final raised $25 million in 2021 from ADM Capital, preceded by a $20 million spherical in 2019 from Bennett Coleman & Co. and Japan’s Genkai Capital. It competes with NoBroker, which grew to become India’s first proptech unicorn in 2021.