Online property portal PropertyGuru bags $130 million investment

Steve Melhuish, CEO of PropertyGuru Group.

Singapore headquartered property portal PropertyGuru Tuesday said it had raised S$175 million ($130 million) from a strategic consortium of investors including leading private equity firm TPG, Indonesia’s largest media group Emtek and Asia Pacific-based tech venture capital firm Square Peg Capital.

This marks the largest funding round in a Southeast Asian tech company this year.

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