The Business Times
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KKR pumps S$200m into PropertyGuru app

Published Wed, Oct 31, 2018 · 04:57 AM — Updated Wed, Oct 31, 2018 · 10:15 AM

    [SINGAPORE] PropertyGuru has pulled in S$200 million from KKR & Co, raising funds for the first time in three years as Southeast Asia's largest real estate portal prepares to delve into new business areas.

    The series D financing will help the startup take full control of leading Vietnamese real estate site Batdongsan.com.vn, after buying a minority stake in 2016, PropertyGuru chief executive officer Hari V. Krishnan said. The number of people visiting Batdongsan has doubled to 4 million a month since that investment.

    The new funding will also help the Singaporean company explore businesses such as mortgage financing, he said. It will be used as a "warchest for opportunities that will materialise in the next 12-18 months," Mr Krishnan said in an interview.

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