{"id":118468,"date":"2020-09-02T10:08:33","date_gmt":"2020-09-02T03:08:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-group-raises-s300m-in-latest-round-of-funding\/"},"modified":"2020-09-03T20:04:22","modified_gmt":"2020-09-03T13:04:22","slug":"propertyguru-group-raises-s300m-in-latest-round-of-funding","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-group-raises-s300m-in-latest-round-of-funding\/","title":{"rendered":"PropertyGuru Group Raises S$300M in Latest Round of Funding"},"content":{"rendered":"


\nPropertyGuru Group announced today that it has received an additional investment of S$300 million from TPG and KKR (via KKR Asian Fund III). Global investment firms TPG and KKR are long-standing shareholders of the Group and have invested in PropertyGuru for the past five and two years respectively.
\nPropertyGuru is Southeast Asia\u2019s leading PropTech company and the market leader in not just Singapore, but Malaysia, Vietnam, Thailand and Indonesia as well, boasting a 57% market share in the region. Over the past year, the Group delivered a 24% year-on-year revenue growth, beating initial 2019 forecasts. This is their fourth consecutive year of high growth amid tough real estate markets.
\nPropertyGuru Group\u2019s strong business momentum and financial performance has solidified its market leadership, and the recent funding will help the Group to pursue new growth opportunities, including those revealed by the accelerated digital transformation in current times.
\nOlivier Lim, Chairman of the Board at PropertyGuru Group, said, \u201cThis increased support from TPG and KKR to accelerate growth is a great validation of the Group\u2019s successful performance, its leadership team and their strategy to unlock the opportunities that will achieve the Group\u2019s ambitions in the region.\u201d
\nThe investment will go towards the company\u2019s growth strategy to meet the rapidly evolving needs of the property ecosystem, and empower property seekers to find, finance and own their homes. PropertyGuru has identified strategic areas of growth, which include its mortgage marketplace PropertyGuru Finance, as well as PropertyGuru FastKey, which is an end-to-end sale enablement solution for property developers.
\nHari V. Krishnan, Chief Executive Officer and Managing Director at PropertyGuru Group, said, \u201cThe additional investments from TPG and KKR will enable us to continue building Southeast Asia\u2019s property trust platform and accelerate our momentum in key markets like Malaysia and Vietnam.
\nWe help property seekers \u2018Find.Finance.Own\u2019 their home and these new investments will accelerate the growth plans we have identified as more consumers and customers move towards digital solutions for\u00a0 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.\u201d
\nRead the full press release here.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\nBy Eugenia Liew, Senior\u00a0Digital Content Specialist at PropertyGuru. Reach out to her at\u00a0eugenialiew@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…PropertyGuru Group Raises S0M in Latest Round of Funding<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PropertyGuru Group announced today that it has received an additional investment of S$300 million from...<\/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-118468","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-uOM","jetpack-related-posts":[{"id":100717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-secures-s200m-funding-round-bolsters-regional-leadership-across-southeast-asia\/","url_meta":{"origin":118468,"position":0},"title":"PropertyGuru secures S$200m funding round, bolsters regional leadership across Southeast Asia","date":"October 31, 2018","format":false,"excerpt":"\r Members of PropertyGuru\u2019s leadership, together with investors from KKR, share a toast to celebrate the new partnership. 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