PropertyGuru Group announces that it has successfully completed the acquisition of iProperty Malaysia and thinkofliving, following its initial announcement on 31 May 2021.
Transaction will see enterprise value of US$1.35bil & equity value of US$1.78bil PropertyGuru’s shareholders, will retain over 70% ownership of listed entity
PropertyGuru to acquire Australia’s REA Group’s iProperty Malaysia and thinkofliving Thailand assets for 18% equity
PropertyGuru strengthens position as Southeast Asia’s Proptech leader REA Group to become shareholder and take seat on PropertyGuru Board
In largest startup investment in SEA since Covid-19 hit, PropertyGuru raises additional US$220mil from TPG and KKR
The Southeast Asian proptech company will be utilising the newly-raised funds to invest in identified strategic areas of growth across the Southeast Asian region, wherein it has a majority of the market share.
Company cites uncertainty in current IPO market Claims not to need new funds to run current operations
Dr Tan Tee Khoon continue the growth agenda in the company’s flagship market.
Instead of applying for a high amount and being rejected, the tool pre-approves users.
Real estate awards series recognises and promotes excellence in development design and innovation.
Southeast Asia’s first visual search solution for property.
Bolsters regional leadership with the new funding and full consolidation of Vietnam property portal, Batdongsan.com.vn