The company will use the capital to continue to expand and invest in various verticals across the value chain, the company said in a statement.
Launches subsidiary called Interior Company, which has set up offices in Bengaluru, Mumbai and Delhi-NCR and is looking to expand operations across India and in the Middle East.
Indian real estate operations contributed 50% to the overall revenue while 41% came from international business and rest 9% from mortgage business, Square Yards said in a statement.
The platform has extensive mapped data metrics of MMR, Pune, Gurgaon, Chennai and will add Hyderabad, Kolkata, Delhi, Ahmedabad and Bengaluru soon
Some of the existing investors also participated in this round, Square Yards said in a statement.
The Square Connect division in the company was started in 2016 and lists large inventories of properties that can be marketed by channel partners from their mobile.
The company also plans to venture into the property management and home furnishing segment in the near future, the statement added.
Square Yards, an online to offline (O2O) real estate transaction player, has "raised USUSD12 million investment from the Private Equity arm of Anil Ambani led Reliance Group."
The firm, which provides a platform for real estate transactions for domestic as well as foreign investors, has entered into exclusive distribution rights with New York-based Barworks Inc and Chicago-based InvestUS Property, a company statement said today.
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