KKR invests S$200M in Singapore’s PropertyGuru

Singapore based PropertyGuru Group, which operates real estate portals and apps in Southeast Asia, said on Wednesday (Oct 31) it has secured a S$200 million investment from private equity firm KKR & Co as it seeks to grow its services.

Singapore-based PropertyGuru will use the funds to take full ownership of Vietnamese property portal Batdongsan.com.vn, in which it already owns a stake, to expand in its fifth market.

“The capital we raised is in excess of what we need to take that stake, the rest we are keeping essentially as a bit of a war chest for other inorganic growth opportunities,” said Hari Krishnan, its chief executive officer.

Navojit Dastidar