SINGAPORE: Singapore-based real estate portal PropertyGuru Group said it has raised S$175 million in funding and investors include US private equity firm TPG.
Founded in 2006, PropertyGuru also operates its property search websites in Malaysia, Thailand and Indonesia.
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Other investors were Indonesian media company Emtek Group and Asia Pacific-based tech venture capital firm Square Peg Capital, PropertyGuru said in a statement.
It added that the transaction should close by mid-June, at which point representatives from the consortium will join PropertyGuru’s board.
