News
Square Yards Q2 Revenue Up 60% To Rs 225 Cr; 12-Mth Revenue Crosses $100mn
New Delhi, October 18, 2023: Square Yards, on Wednesday announced its Q2, FY24 results clocking Rs 225 Cr revenue, up 60% Y-o-Y. The Gross Transaction Value (GTV) stood at Rs 9169 Cr, up 77% Y-o-Y, while number of transactions grew 143% to Rs 40,757.
With this, 1H revenue for FY24 now stands at Rs 398 Cr (~USD50mn) and GAAP revenue crossed USD100mn on a Trailing Twelve Months (TTM) basis putting the company firmly on track for Rs 1000 Cr+ year as 2H is normally 60% of full financial year because of seasonality factor in Real estate.
“The continued growth with improvement in economics is testament to ecosystem build up strategy. With this we have become first proptech player to cross USD 100mn milestone. However we believe its still day 0 and with the sector tailwinds, we continue to push the boundaries” said Tanuj Shori, Founder and CEO, Square Yards.
Financial Services with a run rate ~USD300mn loan disbursals/month continued to drive growth metrics for Square Yards.
Square Yards’ search and discovery portal squareyards.com continued to gain market share with average traffic at ~8mn+ visitors/month with 50%+ growth in organic traffic.
-
News4 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News1 week ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News2 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24