Real estate and mortgage platform Square Yards has raised Rs 900 crore ($95 million approx.) in a mix of debt and equity transactions.
The funding was anchored by EAAA Alternatives with participation from global corporate credit manager Muzinich & Co, according to a press release.
A report from PTI noted that this funding round was done at a valuation in excess of $1 billion turning Square Yards into a unicorn company.
The fundraise will strengthen the balance sheet of the company as it looks towards further expansion and strengthen its technology infrastructure.
Square Yard is also planning towards an initial public offering but no timeline was provided.
