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.
A trend to market consolidation is evident in most Asian markets driven by tougher price competition and slowing subscriber growth.
Bolsters regional leadership with the new funding and full consolidation of Vietnam property portal, Batdongsan.com.vn
Mobike has set its sights on Singapore and even Europe, after it raised US$215 million Series D financing round.
In the second of two parts, Benjamin Cher talks to PropertyGuru president Hari Krishnan on challenges and opportunities, and the startup’s roadmap for the year.
Singapore-headquartered online property portal group PropertyGuru Group announced it has received a S$175-million (US$129-million) investment from a strategic consortium of three investors, believed to be the largest investment in the South-East Asian technology sector so far this year.