Square Yards Consulting a real estate advisory firm has raised an amount of $6 million in Series A funding from Hongkong, Singapore based Investors. It's a 17 month old start-up located in Gurgaon that facilitated real estate transactions to the tune of $250 million for India and $50 million for global real estate in the first year of its operations.
Square Yards is a technology-enabled transaction and aggregator platform for Global real estate.
Aim of Square Yards:
To advise NRIs across the globe about investing in the domestic real estate market.
What Problem did Square Yards addressed?
Indian real estate market was unstructured and fragmented, the spirit of service was missing and information was opaque thus making property buying in India a multi-faceted challenge for an NRI sitting miles away.
Gather the necessary data points and help property identification
Tie-up with A grade Realty developers
Provide dedicated Relationship Manager to clients
Assist in Financial Support
Square yards deals in real estate asset portfolios in India, US, UK, Australia, Singapore, Malaysia, Japan, Canada and UAE.
Square Yards had revenues of Rs 38 crore in its first year of operations.
How is Square Yards going to use these raised funds?
Scale-up it's operations across multiple distribution platforms
Create its own e-commerce portal
Speaking about the funding, Tanuj Shori, CEO and Co-founder of Square Yards, said,
"With the funding amount, we are aiming at a share of 15% of India’s primary residential real estate market by the end of 2017. Also, we plan to scale-up our operations across multiple distribution platforms, including e-commerce."
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Square Yards raises $6mn from Singapore,Hong Kong-based investors
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