PropTech
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.
March 13, 2024
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.
March 7, 2024
Singapore’s 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.
March 4, 2024
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…
February 7, 2024
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.
December 27, 2023
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.
December 8, 2023
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…
November 22, 2023
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.
October 19, 2023
Australia’s Digital Classifieds Group acquires Lamudi Indonesia & Philippines
Australian-based Digital Classifieds Group (DCG) has acquired the online property marketplaces in Indonesia and the Philippines in a newly confirmed acquisition of the Lamudi assets from the dubizzle Group (formerly EMPG). The deal follows DCG’s acquisition of the leading Bangladeshi portal, Bproperty, in January 2023 and propels the group to be Asia’s…
October 18, 2023
Indonesia’s AMODA raises seed funding co-led by East Ventures and Living Lab Ventures
AMODA, a property and construction technology startup in Indonesia, has secured seed funding co-led by East Ventures and Living Lab Ventures. This round of investment strengthens its balance sheet, following the pre-seed funding in 2022. The funding will be mainly allocated to expanding its product, technology, and operation capabilities.
October 16, 2023