PropertyGuru
PropertyGuru
Headquarters | Singapore |
---|---|
Founder(s) | Steve Melhuish, Jani Rautiainen |
Industry | Real Estate |
Employees | 300+ |
Website | PropertyGuru |
Alexa rank | [[INLINE_IMAGE|https://upload.wikimedia.org/wikipedia/commons/thumb/9/92/Decrease_Positive.svg/11px-Decrease_Positive.svg.png|||h11|w11]] 8,618 (January 2016[update])[1] |
Available in | English |
Launched | 2004(2004) |
Current status | Active |
PropertyGuru is Singapore’s property and home site, founded in 2007.
The site provides access to property and home-related products, services, news, advice, guides, tools and online property database in Singapore.
The founders are Steve Melhuish and Jani Rautainen.
Headquarters | Singapore |
---|---|
Founder(s) | Steve Melhuish, Jani Rautiainen |
Industry | Real Estate |
Employees | 300+ |
Website | PropertyGuru |
Alexa rank | [[INLINE_IMAGE|https://upload.wikimedia.org/wikipedia/commons/thumb/9/92/Decrease_Positive.svg/11px-Decrease_Positive.svg.png|||h11|w11]] 8,618 (January 2016[update])[1] |
Available in | English |
Launched | 2004(2004) |
Current status | Active |
History
Singapore’s leading online property portal, PropertyGuru, was founded in May 2007 with its site officially launched in the following December.
Operations
PropertyGuru makes money in three ways: [2]
- Agents fee: It charges agents a fee to use its platform.
- Advertising: It sells ad spots on its online property and printed newsletter.
- Property developers: It supports the entire campaign for property developers from advertising to sales.
Funding
In June 2015, PropertyGuru got a S$175 million (US$129.3 million) investment boost from several investors that include US private equity giant TPG, Indonesian media company Emtek Group and Asia Pacific-based tech venture capital firm Square Peg Capital. [5] [6] And Scout24 – previously a minority shareholder exited the business to focus on their core wholly owned property and car online classified businesses in Europe. [7] [8]