SINGAPORE (Yosefardi) – PropertyGuru Group, Asia’s leading online property portal group, has received a S$175 million investment from a strategic consortium of three investors.
This investment, the largest in the technology sector in Southeast Asia this year, will support PropertyGuru’s innovation, marketing and further expansion in the region with the aim of increasing its leadership position.
The investing consortium comprises global private investment firm TPG, Indonesia’s largest media group Emtek Group, and leading Asia Pacific-based tech venture capital firm Square Peg Capital. The transaction is expected to close by mid-June, at which point representatives from the consortium will join PropertyGuru’s board.
As the leading property portal in Southeast Asia, PropertyGuru has built market leadership across Singapore, Thailand and
Indonesia, garnering over 11 million monthly consumer visits, 104 million page views and a 28% traffic growth per annum,
with mobile making up 52% of total traffic. The value of real estate transactions through the PropertyGuru platform is
estimated to be S$14 billion per annum; an approximate 10% of all property transactions in the region.
TPG already owns complementary internet and real estate companies in its portfolio, including Uber, AIRBNB, Lynda.com,
SurveyMonkey, RentPath and 8990 (Philippines), among others.
Emtek Group is already PropertyGuru’s partner in Indonesia and will now further strengthen its relationship through this
latest round of investment.
PropertyGuru offices in Indonesia is Rumah.com.