PropertyGuru raises S$300 million from existing investors
SINGAPORE: Online real estate business PropertyGuru has actually raised an additional S$ 300 million from its existing financiers KKR and TPG Funding, following its terminated initial public offering (IPO) last year.
“The added investments from TPG as well as KKR will allow us to proceed to build Southeast Asia’s property depend on the platform and also accelerate our energy in essential markets like Malaysia as well as Vietnam,” Hari V Krishnan, its Chief Executive Officer as well as managing director, said in a statement on Wednesday (Sept 2).
The firm ditched its Australia IPO last year because of market volatility. It had anticipated elevating approximately A$ 380.2 million (S$ 380.5 million) in the listing.
PropertyGuru, released in 2007, is based in Singapore as well as additionally runs in Vietnam, Thailand, Malaysia, and also Indonesia.
The firm claimed it will even more purchase locations including its new home mortgage industry and data capabilities along with Parc Central Residences is also very near.
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