Draft:PropertyGuru
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Last edited by Citation bot (talk | contribs) 2 months ago. (Update) |
PropertyGuru is a digital property marketplace focused on the Southeast Asia market. Founded by Steve Melhuish and Jani Rautiainen. . They have offices in Singapore, Malaysia, Vietnam and Thailand. Founded in 2007, they were listed on the NYSE in 2022 after a SPAC merger and was delisted in 2024.
History
[edit]PropertyGuru is an online property marketplace in Southeast Asia where they have presence in Singapore, Malaysia, Thailand, Indonesia and Vietnam. Founded in 2007 by 2 expatriates, Steve Melhuish and Jani Rautiainen, who were living in Singapore at the time.
In 2011, they acquired Rumah.com which was Indonesia's number 1 property portal [1] and shut it down in 2023[2] as an exit from the Indonesia market
Funding
[edit]They have raised multiple rounds of funding such as a SGD 5 million line of credit in 2011[3], SGD 129 million round in 2015[4] and an IPO in 2022[5]
They were delisted in 2024 following a USD 1.1 million acquisition by EQT[6]
- ^ "PropertyGuru Agrees To Acquire Rumah.com, Indonesia's No.1 Property Portal".
- ^ "PropertyGuru shuts down Rumah.com for Indonesia, sunsets Fastkey".
- ^ "PropertyGuru Gets S$5M Line Of Credit".
- ^ "Online property portal PropertyGuru bags $129M investment".
- ^ "PropertyGuru makes debut on New York Stock Exchange".
- ^ "PropertyGuru to delist from NYSE following USD 1.1 billion acquisition by EQT". 19 August 2024.
- ^ "The Straits Times PropertyGuru to be delisted in New York in acquisition by EQT Private Capital". The Straits Times. 16 August 2024.
- ^ "The PropertyGuru Story, as Told by Co-Founder Steve Melhuish".