India, June 23 -- Months after raising $35 Mn in November last year, proptech startup Square Yards has raised Rs.900 Cr (around $95 Mn) in a fresh funding round led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co.

The fresh round was a mix of equity and debt and valued the startup at a significantly higher equity valuation compared to its previous fundraise, Square Yards said in a statement without disclosing the valuation.

However, sources told Inc42 that the startup raised the funding at a valuation of over $1 Bn.

Square Yards added that it is also looking to raise another $50-60 Mn over the next quarter as it gears up for its IPO.

The sources said that the proptech startup is eyeing a val...