PropertyGuru Group has secured S$300 million in funding to build product offerings and drive expansion acorss the region.
The latest round of funding for Southeast Asia’s leading property technology company are led by global investment firms TPG and KKR.
Spurred by 24-percent year-on-year growth, PropertyGuru is the proptech leader in Singapore, Malaysia, Vietnam, Thailand, and Indonesia.
The financial boost will help accelerate its growth strategy across all key markets to meet the rapidly evolving needs in the property ecosystem.
Scale rapidly across SEA
PropertyGuru will also invest in identified strategic areas of growth, including its PropertyGuru Finance mortgage marketplace, PropertyGuru FastKey end-to-end sales enablement solution for property developers, and data capabilities to empower property seekers across Southeast Asia.
“We have scaled rapidly across Southeast Asia by anticipating and addressing consumer needs with a data-driven strategy, underpinned by a talented team of ‘Gurus’. This year, amidst the changing business realities, the demonstrable strength of our platforms has solidified our relative market leadership and provides new opportunities to accelerate both organic and inorganic growth with new investments,” said Olivier Lim, Chairman of the Board at PropertyGuru Group.