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PropertyGuru unfazed by exit of strategic investor

Property-search firm has consortium of new investors, hopes to be profitable in 2017

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THINGS WENT SOUR: PropertyGuru co-founder Steve Melhuish said that 21/2 years in, Scout24 was no longer a supportive shareholder.

Singapore

IT is little-known, but investors can and do withdraw their support for startups, in what is usually a sign of lost faith. Rough as this sounds to companies just starting out, it may not be entirely ruinous - PropertyGuru is one example, said its co-founder and chief Steve...

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