PropertyGuru's Melhuish doesn't believe in 'unicorns' even as portal nears $1b mark

PropertyGuru's Steve Melhuish at the Asia PE-VC Summit in Singapore. Photo: DealStreetAsia/September 2016

Steve Melhuish, co-founder and vice chairman of PropertyGuru Group, is candid when he says does not believe in ‘Unicorns’, a term used to refer to a startup that reaches a valuation of $1 billion.

In fact, when it comes to the tech scene, Melhuish, who stepped down as chief executive of the realty portal late last year, handing over day-to-day operations to Hari V. Krishnan, says ‘Unicorn is among his least favourite words’ to describe successful startups.

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