ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

Singapore online realtor raises $200m from US equity giants

PropertyGuru to accelerate growth strategy in key markets Malaysia and Vietnam

Singapore based PropertyGuru had clocked 24% year-on-year revenue growth and had a market share of 57% in Southeast Asia.   © Reuters

SINGAPORE -- Global private equity giants TPG and KKR have invested 300 million Singapore dollars ($200 million) in PropertyGuru Group, the property tech company said in a press statement on Wednesday.

The fresh funding is expected to accelerate Singapore-based PropertyGuru's growth strategy in its key markets, mainly Malaysia and Vietnam. It operates as Batdongsan.com.vn in Vietnam, DDproperty.com in Thailand, Rumah.com and RumahDijual.com in Indonesia, and PropertyGuru in Singapore.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more