Square Yards Unicorn Funding & Mitigata Series B

In a significant development for India's proptech sector, Square Yards has officially joined the coveted unicorn club, surpassing a $1 billion valuation. The Gurugram-based real estate and mortgage solutions provider secured a substantial Rs 900 crore (approximately $95 million) funding round, a strategic blend of debt and equity. This capital infusion was primarily anchored by EAAA Alternatives, with notable participation from global corporate credit manager Muzinich & Co. The company's impressive financial performance, including a 48% year-on-year revenue surge to Rs 2,086 crore in FY26 and a 3.7-fold increase in EBITDA to Rs 176 crore, underscores its robust growth trajectory.

Square Yards, co-founded by Tanuj Shori and Kanika Gupta, is leveraging this new financial firepower to fuel its ambitious expansion plans. The firm intends to raise an additional $50 to $60 million within the next quarter, signaling its readiness for a potential public offering. This move positions Square Yards as a key player in an Indian real estate market that has seen increasing digital adoption and a growing demand for integrated property services, from discovery to financing.

Meanwhile, the cybersecurity arena saw a notable Series B funding round, with Bengaluru-based cyber resilience startup Mitigata raising $15 million. The round was led by prominent venture capital firm Bessemer Venture Partners, joined by existing investors Nexus Venture Partners, Titan Capital, and WEH Ventures. Founded in 2023, Mitigata offers a comprehensive platform encompassing security operations, risk intelligence, compliance, incident response, and cyber insurance. Its impressive client roster of over 800 enterprises and the processing of more than one million security incidents last year highlight its critical role in safeguarding businesses.

The proceeds from Mitigata's funding will be instrumental in its international expansion, targeting key markets in the Middle East, MENA region, and Southeast Asia. This strategic push aligns with the escalating global demand for advanced cybersecurity solutions, driven by increasingly sophisticated cyber threats. The company's unified approach aims to provide a seamless defense against a complex threat environment.

In other funding news, agri-input platform Unnati Agri secured Rs 17 crore in debt financing from Recur Club. This capital will bolster its seasonal working capital and enhance its distribution network. LiLLBUD, an early learning D2C brand, raised Rs 6 crore in a seed round led by Zeropearl VC, with contributions from notable figures like Shadowfax CEO Abhishek Bansal and CRED founder Kunal Shah. The funds will support the launch of new products and expand its quick commerce reach.

Additionally, AI-native incident management startup Sherlocks AI garnered Rs 7.5 crore in pre-seed funding from SenseAI Ventures and Uppekkha. The company develops AI agents for investigating production incidents across cloud infrastructure. Lastly, B2B procurement technology firm BharatTender raised Rs 1.25 crore in pre-seed funding from an angel investor to accelerate product development and customer acquisition. These diverse funding activities reflect the dynamic and evolving nature of India's startup ecosystem across multiple high-growth sectors.

On the corporate front, Tata Electronics confirmed a significant data breach incident. Ransomware group World Leaks reportedly posted a substantial volume of data, allegedly including files related to clients such as Apple and Tesla, on the dark web. This incident underscores the persistent cybersecurity challenges faced by even large, established corporations and the critical need for robust data protection measures in an increasingly interconnected digital economy.