Square Yards Raises US$35 Mn at US$935 Mn Valuation; IPO Plans Ahead

Prop-tech and real-estate platform Square Yards raised US$35 million in fresh equity funding led by South-Korea’s Smile Gate Group, valuing the company at US$935 million — just shy of “unicorn” status. The firm is reported to be preparing for an IPO in 2026, reflecting ambitions to convert into a publicly listed entity. The funds will likely support scaling of operations across real estate discovery, mortgages, property management, and fintech-lending verticals. The capital raise and upcoming IPO underscores investor confidence in proptech in India, and marks a maturation step from startup-phase to regulated public entity, with attendant compliance, disclosure, and governance responsibilities. (Entrackr)