“The idea is to have working capital for a 12-15 month period to support our growth rate,“ Tanuj Shori, CEO of Square Yards, told ET. The company claims it is already EBITDA positive & profitable. “The challenge for Square Yards is the manpower-intensive nature of real estate brokerage. But I am very impres sed by their approach to residential realty brokerage,“ said Amit Lohia, director at Lohia Group.
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http://economictimes.indiatimes.com/small-biz/money/square-yards-bags-10-million-in-debt-part-equity-round/articleshow/56490481.cms
