Rumah.com Parent Company Receives 2,2 Trillion Rupiah Funds

The parent company of Rumah.com (Rumah), PropertyGuru managed to secure funding of $145 million or equivalent to 2,2 trillion rupiah. This Series D funding round was obtained from global investment firm KKR. With this investment KKR joins the shareholders of PropertyGuru along with TPG, Emtek and Square Peg Capital. This funding will be used to strengthen PropertyGuru's position in Southeast Asia including the full consolidation of the Batdongsan.com.vn property portal in Vietnam.

Currently in Southeast Asia PropertyGuru has several services that are leading the property market, such as PropertyGuru in Singapore and Malaysia, DDproperty.com in Thailand, Rumah.com in Indonesia and recently joined Batdongsan.com.vn in Vietnam. And with this funding, PropertyGuru will continue to encourage investment in technology and bring useful solutions for home seekers, agents real estate market and developer PropertyGuru.

“This new investment confirms the strong validation of technology-driven growth that has been provided by PropertyGuru. Backed by a decade of market leadership in Southeast Asia and business developments in recent years. Today our group has profitable, positive cash flow and has revenue growing more than 25 percent year over year. We are happy to welcome KKR, investors blue chips, join our board of investors, as we have ambitious plans for innovation and growth over the next decade,” said PropertyGuru Group Chief Executive Officer Hari V Krishnan.

The KKR also welcomed this investment positively. For them PropertyGuru has succeeded in establishing itself as a leader in the industry propertyonline Southeast Asia, and hope that this investment will take PropertyGuru to the next level.

“We are delighted to invest in PropertyGuru, one of the most exciting technology businesses in Southeast Asia. With migration online that is doing well in many industries, the PropertyGuru team led by Hari V Krishnan has clearly established itself as a leader in Southeast Asia in the property industry. online. We look forward to partnering with them to help take it to the next level,” said KKR Member & Head of Southeast Asia Ashish Shastry.

KKR's investment in PropertyGuru was funded through the KKR Asian Fund III. The investment is part of KKR's strategy to invest in high-growth markets and is believed to be able to benefit from the rapid advancement of its technology. For PropertyGuru, apart from fully consolidating with Batdongsan and focusing on the Southeast Asian market, they also plan to penetrate new verticals and boost sales in the market.