Anil Ambani invests $12 Million in Square Yards

Reliance ADAG Group Chairman Anil Ambani has invested a whopping $12 million (80 crore) in Gurgaon-based real estate transaction player Square Yards. The fundings will be used to strengthen its distribution network across Indian and global markets.

Square Yards is a pan-India real estate investment advisory offering a comprehensive, integrated menu of property & asset portfolio from Grade A developers across the globe. In an official statement released by the company, it is targeting double-digit market share in Indian real estate distribution and is planning to expand to 25+ countries on the ground advising on global real estate. Currently, it has over 1100 employees in 22 cities and 10 countries.

Commenting on the development, Kanika Gupta Shori, Founder & COO, Square Yards said, “With this collaboration, the company will be able to draw on Reliance’s extensive experience, particularly in scaling up the business to a higher growth trajectory and creating significant shareholder value in the process. Besides capital, we will also get access to best practices in running large consumer businesses at scale, with the participation of Reliance.”