{"id":100717,"date":"2018-10-31T10:57:00","date_gmt":"2018-10-31T03:57:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-secures-s200m-funding-round-bolsters-regional-leadership-across-southeast-asia\/"},"modified":"2018-10-31T11:04:14","modified_gmt":"2018-10-31T04:04:14","slug":"propertyguru-secures-s200m-funding-round-bolsters-regional-leadership-across-southeast-asia","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-secures-s200m-funding-round-bolsters-regional-leadership-across-southeast-asia\/","title":{"rendered":"PropertyGuru secures S$200m funding round, bolsters regional leadership across Southeast Asia"},"content":{"rendered":"


\nMembers of PropertyGuru\u2019s leadership, together with investors from KKR, share a toast to celebrate the new partnership.
\nGlobal investment firm KKR is investing about S$200 million into PropertyGuru through a Series D round of funding, said Asia\u2019s leading property technology group on Wednesday (31 Oct).
\nWith this round of funding, KKR joins an impressive investor list that includes TPG, Emtek and Square Peg Capital.
\n\u201cThis new investment is a great validation of the technology-driven growth that PropertyGuru has delivered. Backed by a decade of market leadership in Southeast Asia and delivering a record year for business performance \u2013 today the group is profitable, cash flow positive and has revenues growing more than 25 percent year-on-year,\u201d said Hari V. Krishnan, CEO at PropertyGuru Group.
\nAshish Shastry, Member & Head of Southeast Asia at KKR, added: \u201cWith rapid online migration well underway across many industries, the PropertyGuru team, led by Hari V. Krishnan, has clearly established itself as the Southeast Asian champion in the online property space. We look forward to partnering with them to help take them to the next level.\u201d
\nOther regional technology investments by KKR include Indonesian ride-hailing platform Go-Jek and Voyager Innovations in the Philippines.
\nGanen Sarvanathan, Chairman of the PropertyGuru Group Board and Co-Managing Partner of TPG Capital Asia, said: \u201cWe welcome KKR as an investor and representatives on the board and look forward to working with them to accelerate PropertyGuru\u2019s growth across the region.\u201d
\nOn Wednesday, PropertyGuru also announced the full consolidation of Vietnam\u2019s number one property portal Batdongsan.com.vn into the Group. The property portal attracts over four million users generating over 70 million page views each month.
\nBatdongsan.com.vn\u00a0joins PropertyGuru\u2019s market leading businesses across the region \u2013 PropertyGuru in Singapore and Malaysia, DDproperty in Thailand, and Rumah.com in Indonesia. With this, the Group enjoys 55 percent market share across Southeast Asia and is the preferred property portal brand.
\n\u201cBatdongsan and PropertyGuru Group have had a long-standing partnership and we are very pleased to cement that today as PropertyGuru invests further in the business,\u201d said Batdongsan Founder and Managing Director L\u00ea Xu\u00e2n Tr\u01b0\u1eddng.
\nSaid Krishnan: \u201cWe first invested in Batdongsan in 2016 and have been impressed with their very strong market leadership fuelled by delivering great value to the Vietnamese property sector. Today, we reinforce our commitment to Vietnam with the consolidation of Batdongsan. We look forward to making our regional expertise fully available to Vietnamese property seekers as well as to help the country\u2019s real estate industry benefit from ASEAN integration.\u201d
\nThese newest announcements come just months after PropertyGuru unveiled a successful brand refresh with revamped websites and mobile apps that are powered by Artificial Intelligence \u2013 an industry first in Southeast Asia.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…PropertyGuru secures S0m funding round, bolsters regional leadership across Southeast Asia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Members of PropertyGuru\u2019s leadership, together with investors from KKR, share a toast to celebrate the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100717","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qct","jetpack-related-posts":[{"id":118468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-group-raises-s300m-in-latest-round-of-funding\/","url_meta":{"origin":100717,"position":0},"title":"PropertyGuru Group Raises S$300M in Latest Round of Funding","date":"September 2, 2020","format":false,"excerpt":"\r PropertyGuru Group announced today that it has received an additional investment of S$300 million from TPG and KKR (via KKR Asian Fund III). 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