PropertyGuru Accelerates Growth across South-east Asia

PropertyGuru Group, the South-east Asia property technology company, has raised another $300 million from global investment giants which are its existing investors. The funding will accelerate PropertyGuru's growth across South-east Asia as it "ramps up its investment to meet the rapidly evolving needs in the property ecosystem", said the company. "The additional investments from TPG and KKR will enable us to continue building South-east Asia's property trust platform and accelerate our momentum in key markets like Malaysia and Vietnam," said chief executive and managing director Hari V. Krishnan. The company scrapped plans for an initial public offering in Australia last year, citing market volatility. It was planning to raise as much as A$380.2 million (S$380.6 million) in the listing. Launched in 2007, PropertyGuru is based in Singapore and also operates in Vietnam, Thailand, Malaysia and Indonesia.