Proptech Startup Square Yards has announced its initial public offering (IPO), through which the startup can raise over Rs 1,000 Crores. Square Yards is a platform for real estate and mortgages and is increasing its business via international operations in the UAE, West Asia, Australia and Canada. Its website covers the entire real-estate sector from search and discovery, transactions, home loans, interiors, rentals, property management and post-sales service.

“The startup has appointed Axis Capital as the lead banker for its IPO. More banks will be hired soon. The exact number of share sales has not been chosen yet, as the transaction will not take place immediately.” said media reports. Square Yards had recently purchased platform capabilities in rentals and property management, data intelligence and virtual reality, and its platform offering home furnishing and home interior services.