Square Yards outshines in the proptech sector

March 18, 2019
Share this Post: 

Proptech startup Square Yards' recent endeavor is to get 15% share in the primary residential sales market in India

Property buying in India is so complicated, challenging and broken that it isn’t even a process here. Despite it being the biggest investment in an individual’s life, it is driven by perception and societal factors, with minimal science behind it. Real estate buyers in India have traditionally faced challenges of information asymmetry, service vacuum, and lack of organised distribution.

Having themselves suffered due to lack of organised players and processes, Square Yards’ founders Tanuj Shori and Kanika Gupta Shori decided to lay the foundation for Square Yards in 2013. While starting with three employees in Hong Kong, they had no clue about how big this was; however, soon they realized the enormity of the opportunity.

Today, Square Yards has emerged as one of the largest proptech players in the country. With 2,400 people, presence in 30-plus cities and 10 countries, a unique integrated model, largest lead generation capability in the primary under-construction market, 1 million-plus unique visitors a month; the company is now touching $30 million annualized revenues and $750 million transactional value with around 12,000 transactions.

“The Square Yards platform was built to cover the full real-estate journey from search, discovery to research, transactions to post-sales service—fully integrating buyers to an extensive network of agents,” says its co-founder and CEO Tanuj Shori.

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

1099

March 18, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Rightmove Not Listening
Rightmove to ‘Reject’ Listings Without a Price—and None of Its Current Listings Are Compliant

From today, new listings that don’t display a price cannot be uploaded to Rightmove. Rightmove made the announcement to comply...

Read More
Zigbang Investment Scaled
Zigbang Secures $77m Funding Before Anticipated IPO

Real estate marketplace ZigBang has raised ₩100 billion ($77 million USD) in what is believed to be a pre-IPO equity...

Read More
Shutterstock 1668133759 Scaled
Offerpal secures pre-seed funding round

Proptech startup Offerpal has raised an undisclosed pre-seed funding round led by Swedish venture capital firm PropTech Farm, with Offerpal...

Read More
Immowelt And Remax Partnership
Immowelt and RE/MAX Expand Their Partnership

Remax Germany and immowelt will increase their collaboration through shared marketing services. Immowelt will now provide some of its digital...

Read More

Popular News