Square Yards, a leading Indian real estate and mortgage technology platform, has achieved unicorn valuation status following the closure of a $95 million funding round.
The investment underscores growing institutional confidence in the company's business model as it prepares for a potential initial public offering.
According to Hindu Businessline, the company is also targeting an additional $50 million to $60 million in funding over the next quarter.
The capital injection positions the firm to accelerate its market share in India's fragmented property sector.
Management indicated that the raise is part of a broader capital strategy aimed at scaling operations and enhancing its digital infrastructure ahead of a public listing.
According to Hindu Businessline, the company is also targeting an additional $50 million to $60 million in funding over the next quarter.
This follow-on capital is intended to bridge the gap to the IPO, providing the financial runway necessary to meet regulatory requirements and sustain growth momentum.