PropertyGuru: SGD200m Series D equity raise

Private capital raise

PropertyGuru: SGD200m Series D equity raise

Private capital raise


PropertyGuru Pte. Ltd.

Investor group

Lead investor(s):

  • KKR

Follow-on investor(s):

  • Not applicable

Transaction summary

Deal value


Transaction highlights

  • Largest equity raise for any ASEAN online classifieds company to date
  • Capital raise synchronised with the closing of the acquisition of Batdongsan, Vietnam’s #1 real estate portal
  • A new partnership with KKR, a leading global private equity firm



Client description

  • PropertyGuru is the leading property technology group across ASEAN with ~25m monthly property seekers
  • Provides solutions for property seekers, real estate agents and property developers

  • #1 position across Singapore, Malaysia, Indonesia, Thailand and Vietnam with ~55% consumer market share

Redpeak role

Sole financial advisor to PropertyGuru on the equity raise

Attracted buy-side interest from all major private equity investors active in Asia, ensuring a highly competitive process

Meticulous attention to execution ensured that investors had timely access to presentations, due diligence materials and responses to queries

Maintained significant competitive tension throughout a tight transaction timeline