Published date | 27 April, 2023

Square Yards Posts Stellar Revenue Feat for FY2022-23

Square Yards has raised $125 million so far in funding, with $65 million of this as debt capital and $60 million as equity.

Square Yards, India’s foremost proptech player, has confirmed revenue growth of 70% for 2022-23, posting Rs. 670.5 crore in total revenues, as compared to Rs. 395.6 crore in 2021-22. The India business contributed 77% of this tally, while the Gulf region accounted for 13%. The rest of the world also accounted for 10% of the total business of the company. Square Yards also posted 67% of growth by enabling home loans and properties of Rs. 22,870 crore in the year. 

Tanuj Shori, the CEO and Founder at Square Yards, stated that the company finished the year on a positive note with robust profitability and growth. He also mentioned how the company is now preparing to hit more than Rs. 1,000 crore in revenue with full-year profitability in 2023-24. He stated that the company should witness growth in operating leverage over the next couple of years with its focus on expanding its overall capacity with strategic investments and integrated solutions that span the entire real estate ecosystem. 

Square Yards gets 87% of its revenues from financial services and real estate, while newer categories such as home renovations, Metaverse solutions, property management, and fractional real estate are also doing well. They could become big-ticket businesses for Square Yards in FY24, based on their strong performance in the previous fiscal. The search and discovery portal of the company has also continued gaining market share, getting a whopping 8 million visitors per month, according to the company. Square Yards has raised $125 million so far in funding, with $65 million of this as debt capital and $60 million as equity. 

home buying tanuj shori indian real estate

A Blockbuster Q3 FY24 for Squa...

Q3 FY24 saw the growth momentu...

03 February, 2024

Azuro by Square Yards Achieves...

Azuro is looking at leveraging...

05 April, 2023

Square Yards Gets into Fractio...

The sum has been raised by the...

06 March, 2023

An Innovative AI-Based Marketi...

Square Yards has launched Smar...

25 February, 2023

Square Yards, the Team No. 1 i...

We are ecstatic to unveil the ...

15 February, 2023

Real Estate Prices to be More ...

Square Yards has been compilin...

30 March, 2022

Square Yards hits 50% revenue ...

Square Yards achieved 32% of g...

06 August, 2021

Square Yards receives $25 mill...

Tanuj Shori, CEO & Founder at ...

16 July, 2021

Gurugram is India’s most suita...

Both Mumbai and Bengaluru have...

11 June, 2021

Square Yards has ventured into...

The Chief Executive Officer an...

27 May, 2021

Square Yards’ CEO Mr. Tanuj Sh...

Mr. Tanuj Shori is awarded the...

23 February, 2021

Square Yards ranked in list of...

Square Yards, Indias foremost ...

21 April, 2020

Square Yards Recognized as 201...

Square Yards Recognized as 201...

11 October, 2019

Square Yards Bagged Golden Bri...

Square Yards has bagged anothe...

14 September, 2019

Square Yards Has Won Real-Esta...

Square Yards has won "Real-Est...

12 September, 2019

Expansion is a natural busines...

Square Yards has made a big di...

21 August, 2019

Related Articles

Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.