PropertyGuru Group operates online real-estate marketplaces across Southeast Asia, with presence in Singapore, Vietnam, Thailand, Malaysia and Indonesia. Launched in 2007 and based in Singapore, the company helps users search for property listings and related services. Management says it is building a Southeast Asia property trust platform and plans further investment in a new mortgage marketplace and enhanced data capabilities. The company previously pursued an Australia IPO but cancelled the listing last year due to market volatility. Following the cancelled IPO, existing investors KKR and TPG Capital provided additional funding to support the company’s strategic initiatives. The article does not disclose revenue or user metrics. PropertyGuru Group is a Singapore-based property technology group founded in 2007 and led by CEO Hari V. Krishnan. It operates consumer and agent-facing portals across five Southeast Asian markets: PropertyGuru in Singapore and Malaysia, DDproperty.com in Thailand, Rumah.com in Indonesia and Batdongsan.com.vn in Vietnam. The company's core product is online property marketplaces and related technology solutions for home seekers, real estate agents and property developers. PropertyGuru intends to use its latest funding to accelerate leadership in the region through the full consolidation of Vietnam's No.1 portal Batdongsan.com.vn into the group and further investments in technology and product solutions. Batdongsan.com.vn contributes significant scale, with over 4 million monthly property seekers, roughly 70 million page views and more than 1 million new property listings added every month. The company raised S$200m (approximately US$145m) in Series D financing to support these plans. PropertyGuru is an online property portal group that operates consumer and classifieds sites across Singapore, Malaysia, Thailand and Indonesia. The platform is used by more than 11 million property buyers and generates over 500,000 enquiries for developer and agent advertisers every month. Founded in 2006 by Steve Melhuish, the company runs local sites including PropertyGuru.com.sg, PropertyGuru.com.my, DDProperty.com and Rumah.com. In 2015 the business received a S$175m investment to support product innovation, marketing and further expansion across the region. The funding round also prompted a strategic exit by previous minority shareholder Scout24. Company leadership and its regional footprint position it to scale services to developers, agents and buyers across Southeast Asia. PropertyGuru is Asia's leading property portal group with a presence in nine countries directly and via partners. Its websites are used by 8.2 million buyers who view over 65 million property pages and generate over 200,000 sales enquiries every month. In Singapore, PropertyGuru and CommercialGuru account for 85% of portal page views and have more than double the user views of competitors. The company employs 240 "Gurus" across six offices in Singapore, Thailand, Malaysia and Indonesia and reported double revenue and traffic growth over the previous year. The core product is an online property marketplace and related services to help clients find and advertise properties. The strategic investment from ImmobilienScout24 is intended to strengthen its market position, support continued innovation and regional expansion, and provide access to additional talent and expert resources through close cooperation.

Total raised

$495M

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2020