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Last edited by Nonokey (talk | contribs) 4 days 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
editPropertyGuru 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
editThey 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".
- ^ "The Straits Times PropertyGuru to be delisted in New York in acquisition by EQT Private Capital".
- ^ "The PropertyGuru Story, as Told by Co-Founder Steve Melhuish".