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
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
