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St-Denis : un marché aux fleurs et aux plantes organisé ce jeudi !
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Square Yards ends FY21 with $50M revenue and $1 1B GTV, Q4 earnings up by 47 pc
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Square Yards ends FY21 with $50m revenue
Tanuj Shori, Founder and CEO, Square Yards.
The company registered its sixth consecutive profitable quarter in Q4, clocking a revenue of $17.2 million.
Square Yards, India’s largest integrated real estate platform today declared its full financial year results with $50 million revenue, up 17 per cent year on year and EBITDA margins of 14.2 per cent. The Gross Transaction Value (GTV) stood at $1.1 billion up 33 per cent year on year.
The company registered its sixth consecutive profitable quarter in Q4, clocking a revenue of $17.2 million , a 47 per cent year on year increase for the quarter with 15.2 per cent in EBITDA margins. Annualising last quarter in dollar terms, Square Yards is now clocking $70 million revenue and $10 million EBITDA run rate.
Il aura lieu ce jeudi : Saint-Denis : un marché pour les fleurs et les plantes
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The role of India’s corporate VC firms
At YourStory’s Investor Summit, panellists discussed the various nuances of the nascent corporate venture firms in India and how startup founders can better engage with them.
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India has one of the world’s fastest-growing startup ecosystems. This rise is in step with the expansion of the country’s capital pool fuelled by corporate venture capital firms.
Though the community of corporate venture capital firms in India is small, the role they play is an important one. At YourStory’s Investor Summit 2021, Square Yards CEO Tanuj Shori said that startups can learn a lot from corporate VC firms as they have decades of experience in running businesses.