The road to building a regional property marketplace leader

With Hari V. Krishnan, CEO & Managing Director, PropertyGuru

From a listing collapse in 2019 to raising a big-ticket sum from its storeyed backers to acquiring Australia-listed REA Group entities in Malaysia and Thailand to the latest SPAC merger, PropertyGuru has had a milestone-filled journey in recent months.

PropertyGuru’s merger with blank cheque firm Bridgetown 2 Holdings, a SPAC entity backed by billionaires Richard Li and Peter Thiel, will give the combined entity an equity value of $1.78 billion. Backed by TPG Capital and KKR, the property marketplace has joined fellow tech majors from the region to take the SPAC route. 

In this chat, PropertyGuru CEO Hari Krishnan will trace the growth journey of the marketplace across multiple geographies in a largely traditional and local sector as well as its road ahead.

We will quiz Hari Krishnan about how PropertyGuru has pursued opportunities such as landing big-ticket funding, scaling up both organically and through M&As, striking a SPAC deal and the complexity of serving vastly different markets. 

PropertyGuru operates property marketplaces in five of the biggest Southeast Asian economies –Singapore, Malaysia, Thailand, Indonesia, and Vietnam.