Proptech Platform Square Yards Raises $25M From Hong Kong-based ADM Capital
Square Yards, a Gurugram-based integrated real estate startup, has raised $25 million (Rs 185 crore) in growth financing from ADM Capital.
This growth financing serves as the first tranche of the company’s ongoing plan of larger growth capital raise of over $100 million in the near term. As per the startup, it will use the capital to continue to expand and invest in various verticals across the value chain.
Square Yards is a full-stack proptech platform building an integrated ecosystem of services. The proptech platform is also building B2B disruptive proprietary platforms for stakeholders such as Developers, Financial Institutions, and Agents.
Speaking on the development, Tanuj Shori, Founder and CEO of Square Yards, said,
“We have been fairly capital-efficient since inception with a clear focus on delivering high ROI. With significant operational benchmarks met over the last 12 months, like profitability and pilot success of new initiatives like rental and property management, home interiors, etc., we believe we are now at the cusp of an accelerated growth curve.”
Recently, Square Yards acquired platform capabilities in rentals/property management, data intelligence and VR space. The Gurugram-based proptech platform has also launched its full-service platform offering home furnishing and home interior services.
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