PropTech

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.

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…

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.

WORQ raises pre-series B funding at an up-round on the back of profitability

WORQ, a Malaysia-based coworking and flexible space provider, has successfully completed its latest fundraising round, backed by 14 follow-on investors. The global asset management firm, Phillip Capital, helms this round with its largest placement to-date and its third consecutive investment into WORQ.

PropertyGuru’s revenue rises 12 pct year on year, underpinned by Malaysia and Singapore’s operations

Singapore-based property portal PropertyGuru Group Limited has on Thursday announced that the group's revenue increased by 12 percent year on year to SGD 37 million ($27.28 million). PropertyGuru said in a statement that the group posted a net loss of SGD 6 million ($4.42 million) in the second quarter, as compared to a net income of SGD 4 million ($2.95…

Proptech 2.0 in the Philippines: An untapped opportunity in 3 numbers

Is the Philippine #RealEstate market now ripe for the next wave of proptech to emerge? We share five numbers that provide some clues to where the innovation compass is pointed in the #Philippines #proptech space.