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PropertyGuru bags S$300m from TPG, KKR to boost growth

Fresh injection of funds from its largest shareholders will accelerate its growth strategy across its key markets

Fiona Lam

Published Wed, Sep 2, 2020 · 09:50 PM

PropertyGuru

Singapore

US PRIVATE equity giants TPG Capital and KKR, as PropertyGuru's largest shareholders, have pumped an additional S$300 million into the South-east Asia-focused property technology firm.

The fresh injection, raised from two recent rounds of new funding, will accelerate PropertyGuru's growth strategy across its key markets, said the Singapore-based startup, which pulled the plug on a A$380.2 million (S$380.5 million) initial public offering (IPO) less than a year ago.

In a press statement on Wednesday, PropertyGuru said it will further invest in identified areas of growth, including its new mortgage marketplace, an end-to-end sales enablement solution for property developers as well as data capabilities to help property seekers "find, financ…