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Square Yards ends FY21 with $50M revenue and $1 1B GTV, Q4 earnings up by 47 pc

Square Yards ends FY21 with $50M revenue and $1 1B GTV, Q4 earnings up by 47 pc
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Tanuj shoriProperty management servicesSquare yardsEnterprise saasதனுஜ் ஷொரிப்ராபர்டீ மேலாண்மை சேவைகள்சதுரம் கெஜம்நிறுவன சாஸ்

Square Yards ends FY21 with $50m revenue

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.

Tanuj shoriProperty management servicesSquare yardsGross transaction valueEnterprise saasதனுஜ் ஷொரிப்ராபர்டீ மேலாண்மை சேவைகள்சதுரம் கெஜம்மொத்த பரிவர்த்தனை மதிப்புநிறுவன சாஸ்

Redirecting to Crescent Enterprises to double its investments in start-ups to AED 1 billion by 2022

Redirecting to Crescent Enterprises to double its investments in start-ups to AED 1 billion by 2022
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United arab emiratesBadr jafarTushar singhviTranscorp internationalChina unionpayCrescent enterprisesMiddle eastNorth africaUnited arabCrescent enterpriseEnterprise saasTarabut gatewayHippo insuranceஒன்றுபட்டது அரபு அமீரகங்கள்படர ஜாஃபர்துஷார் சிங்வி

Crescent Enterprises to double its investments in start-ups to Dh1 billion by 2022

CE-Ventures invests in transformational, purpose-driven businesses Badr Jafar, CEO of Crescent Enterprises Image Credit: Supplied CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach Dh1 billion ($272 million) by 2022. Since its inception in 2017, CE-Ventures has already invested over Dh500 million ($136 million) in 32 start-ups and VC funds across the Middle East and North Africa (MENA), the US, India, and Southeast Asia. Commenting on the investment milestone, Badr Jafar, CEO of Crescent Enterprises, said: “When we launched CE-Ventures a few years ago, we outlined our vision to invest in transformational, purpose-driven entrepreneurs and their businesses. Our commitment to double down on new funds available for venture investment is testament to our conviction in the major social and economic impact of certain high-growth, t

Badr jafarTushar singhviTranscorp internationalChina unionpayCrescent enterprisesCrescent enterprises image creditImage creditMiddle eastNorth africaCrescent enterpriseEnterprise saasTarabut gatewayHippo insuranceபடர ஜாஃபர்துஷார் சிங்விடிரான்ஸ்கார்ப் சர்வதேச

Crescent to double VC investment to $272m by 2022

CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED1 billion ($272 million) by 2022.

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