Batdongsan.com.vn’s parent group successfully raised $ 220 million in capital from 2 investment funds
This investment will contribute to boosting PropertyGuru’s growth strategy in the region as the group boosts investment to meet the rapidly growing demand in the real estate ecosystem.
PropertyGuru Group – the parent group of Batdongsan.com.vn has just announced to receive an additional investment of about S $ 300 million, equivalent to US $ 220 million in a recent fundraising round from two of the world’s leading investment funds, TPG and KKR through KKR Asian Fund II).
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PropertyGuru is considered a leading real estate technology company in 5 regional markets with real estate search sites including PropertyGuru in Singapore and Malaysia, Batdongsan.com.vn in Vietnam, and DDproperty.com in Thailand, Rumah.com and RumahDijual.com in Indonesia.
The aforementioned $ 220 million investment will contribute to the growth strategy of PropertyGuru in the region as the group boosts investment to meet the need for rapid development in the real estate ecosystem.
The latest report by Bain & Company and Facebook states that nearly 70% of Southeast Asia’s population is expected to be digital consumers by the end of 2020. This is also PropertyGuru’s new growth opportunity to enhance and open up. Wide range of solutions for users, brokers and developers in the real estate industry.
“These new investments will drive the growth plans we identified as more and more consumers move towards digital solutions to buy and sell real estate,” said the CEO of PropertyGuru Group, Hari V. Krishnan said.
Founded in 2007, PropertyGuru currently has 2.7 million homes on its online platforms and counts more than 24 million people searching for information on its homepage each year, including DDproperty.com in Thailand. Lan and RumahDijual.com in Indonesia.
The Singapore-based online real estate conglomerate adds that it will invest more in segments it previously identified as growth areas, including mortgage lending platform PropertyGuru Finance which they launched earlier this year, the top-end sales solution for developers PropertyGuru FastKey and big data source.
Source: vietnambiz.vn – Translated by fintel.vn