Singapore-headquartered PropertyGuru Group said today it has secured an additional investment of SGD300 million (US$220 million) in recent funding rounds by leading global investment firms global private equity giants TPG and KKR.
The proptech giant will use the funds to further invest in identified strategic areas of growth, including PropertyGuru Finance, its recently-launched mortgage marketplace, and PropertyGuru FastKey, an end-to-end sales enablement solution for property developers.
Launched in 2007, PropertyGuru provides solution to resolve home-seekers’ pain-points using data and digital tools. This way, it aims to improve transparency in the property ecosystem for consumers, developers, and agent partners across Southeast Asia.
Over the decade, the group has expanded into multiple markets in the region with a portfolio of property portals, including Batdongsan.com.vn (Vietnam), DDproperty.com (Thailand), and Rumah.com and RumahDijual.com (both Indonesia).
The group claims it provides “the widest option of more than 2.7 million homes” and in-depth insights and solutions for property seekers in Singapore, Malaysia, Thailand, Indonesia and Vietnam.
It said the group recorded 24 per cent revenue growth y-o-y and continues to lead in Southeast Asia with 57 per cent market share.
South Africa Today
Read more at VolaNews
