PropTech

PropertyGuru’s revenue up 12 pct year on year to $27.45M in first quarter

Singapore-based online property portal PropertyGuru said Tuesday that its total revenue increased 12 percent year over year to SGD 37 million ($27.45 million) in the first quarter.

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Talent, technology, and the future of Asia Pacific’s innovation hubs

The rise of alternative sectors like #AI and green technologies demands specialized real estate solutions, with cities adapting to cater to these needs. Meanwhile, innovation anchors will continue to play a crucial role in fostering collaboration and driving #RealEstate development, shaping the future of urban landscapes in this dynamic and…

Rently partners The Working Capitol, Smart City Kitchens to expand rental platform in Singapore

Rently, a Singapore-based fintech startup in the property space, is partnering with co-working and lifestyle hub, The Working Capitol and ghost kitchen services provider, Smart City Kitchens to diversify their business offerings beyond residential properties.

Indonesian Proptech company Rukita secures $15M Series B1 funding

Rukita, an Indonesia-based proptech group, announced Thursday that it has secured $15 million in the Series B1 fund raise. In this round, the company welcomes exciting new investors and partners: MPower Partners, BNI Ventures, Openspace Ventures, and other international impact investors including renowned NBA star Jeremy Lin.

PropertyGuru reports $740,000 net profit in 4Q amid higher revenue

Singapore-based PropTech company PropertyGuru has reported net profit of SGD 1 million ($740,000) in the fourth quarter ended December 31, 2023 amid higher revenue, as compared to a net loss of SGD 5 million ($3.72m) a year ago.

Wellness revolution: Vietnam’s Vinhomes creates landmark shift with in-home healing ecosystem

As digitalization propels us into a fast-paced world, Vinhomes, Vietnam’s largest #RealEstate developer, is venturing into uncharted territory with its innovative concept: healing begins at home. In the rapidly growing yet fragmented wellness industry, Vinhomes’ mega-complex Ocean City creates a turning point, bringing the power of comprehensive healing…

Malaysia’s LiveIn secures $8.3M in pre-Series B funding to accelerate regional expansion

LiveIn, a Malaysia-based proptech firm, has successfully secured $8.3 million in its pre-Series B funding round. The round was led by Wavemaker Partners and InterVest, with participation from Malaysia Debt Ventures Berhad (MDV), Jungle Ventures, and CAC Capital.

Mandiri Capital Indonesia partners BTN to launch prop-tech focused fund through BTN Fund

Indonesian commercial bank PT Bank Tabungan Negara (Persero) Tbk (Bank BTN) and PT Mandiri Capital Indonesia (MCI), the corporate venture capital arm of Bank Mandiri, have signed a term sheet to establish the BTN Fund, targeting investments in digital technology with a focus on housing.

PropertyGuru posts net profit of $224,022 in third quarter

Singapore-based prop-tech firm PropertyGuru has returned to the black by achieving a net profit of S$ 300,000 ($224,022) in the third quarter ended September 30, 2023, as compared to a net loss of S$7 million ($5.23 million) a year ago. The firm's total revenues grew 13 percent year on year to S$39 million ($29.12 million) in the third quarter, as total…

Patrick Grove-backed Proptech firm Sidespace seeks $1.6M funding

Patrick Grove-backed Proptech firm Sidespace is seeking AUD $2.5 million ($1.6 million) to disrupt commercial real estate. The firm is seeking the capital infusion from new and existing investors to fund its path towards AUD 12 million ($7.56 million) in annual revenue by 2026.