Singapore-headquartered realty tech company PropertyGuru has announced an additional inflow of US$220 million in recent funding led by global private equity giants TPG and KKR.
The proptech giant will invest the fresh funds in identifying strategic areas of growth, including PropertyGuru Finance. PropertyGuru Finance recently-launched mortgage marketplace, and PropertyGuru FastKey, an end-to-end sales enablement solution for property developers.
Hari Krishnan, CEO and Managing Director, PropertyGuru, said: “The additional investments from TPG and KKR will enable us to continue building Southeast Asia’s property trust platform and accelerate our momentum in key markets like Malaysia and Vietnam.”
Started in 2007, PropertyGuru provides solution to resolve home-seekers’ pain-points using data and digital tools. This way, it aims to improve transparency in the property ecosystem for consumers, developers, and agent partners across Southeast Asia.
Hari V. Krishnan, Chief Executive Officer and Managing Director at PropertyGuru Group, said, “The additional investments from TPG and KKR will enable us to continue building Southeast Asia’s property trust platform and accelerate our momentum in key markets like Malaysia and Vietnam.
We help property seekers ‘Find.Finance.Own’ their home and these new investments will accelerate the growth plans we have identified as more consumers and customers move towards digital solutions for property buying and selling. Over the last thirteen years we helped create the PropTech industry in this region, and as the market leader we look forward to providing further innovations to digitize the property sector.”