PropertyGuru acquires home service technology startup

SINGAPORE-BASED online real estate firm PropertyGuru has acquired a local home-service technology startup, Sendhelper, for an undisclosed sum.

This acquisition signals PropertyGuru's entry into the home-services industry, said the company in a statement issued Friday (Oct 14). The group does not expect the move to have a material impact on its FY2022 results.

Sendhelper is an online platform through which homeowners and tenants search for and book home services, such as cleaning, air conditioner maintenance, and handyman and repair services. 

The startup's network includes over 2,000 trained and verified freelance service providers, said PropertyGuru. 

"With the addition of Sendhelper, PropertyGuru will become the one-stop destination for property seekers to not only find, finance and own their dream home, but also manage and maintain it," it said.

The real estate firm added that the acquisition will have long-term growth opportunities for the group, especially as it expands into the fintech and data industry while continuing to invest in its core business as a property marketplace. 

Shyn Yee Ho-Strangas, managing director, data and software solutions of PropertyGuru, said the group will work with Sendhelper in the coming months to develop more tech solutions to improve customers' experience. 

"We aim to be a force for innovative and game-changing solutions that guide people to make confident property decisions," she said. 

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