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.

Indonesia’s GORO raises $1M funding in pre-seed round led by Iterative

GORO, an Indonesia-based fractional property marketplace platform, has raised $1 million in a pre-seed round led by early-stage venture capital firm Iterative. The funding round was also participated by several prominent investors including XA Network, StashAway’s Angel Investing Program and Indonesian property veteran, Mike Broomell of Colliers……

Malaysia’s WORQ partners DE Rantau to bring high-value jobs to Malaysia worth over $79M

WORQ, a Malaysia-based coworking and flex space provider, has announced its collaboration with Malaysia Digital Economy Corporation (MDEC)'s DE Rantau to launch the WORQ with DE Rantau program. The program is estimated to inject MYR 360 million ($79.07 million) into the Malaysian economy by supporting 6,000 highly skilled workers to the workforce as well as…

Indonesia’s GoWork sees business grow by more than 2 times from pre-pandemic levels

Indonesia’s coworking space operator GoWork has reported that its business has grown by more than 2 times from pre pandemic levels. GoWork said in a statement on Monday that the uptick in business is a direct result of its ability to persevere through Covid-19 and its decision to expand its services.

WORQ on track to double total space under management to 200,000 sqf by year end

WORQ, a Malaysia-based coworking and flexible space provider, said Monday it is on track to double its total space under management to 200,000 square feet by the end of 2023.

Quest Ventures-backed ApartX raises $250,000 in oversubscribed series seed round

ApartX, a Quest Ventures-backed property technology startup focused on rental property management, has on Wednesday announced that it had secured seed funding of $250,000 from Kazakhstan-based Big Sky Capital and Activat VC.

Aurum PropTech acquires Indian proptech brand NestAway for $11M

Aurum PropTech (formerly known as Majesco Limited) has approved the acquisition of up to 100 percent stake in NestAway Technologies Private Limited (NestAway), a PropTech brand in India for a consideration of up to INR 90 crores ($11 million) .

Singapore’s ZUZU Hospitality raises $9M in oversubscribed Series B round led by SoftBank Ventures Asia

ZUZU Hospitality Solutions Pte. Ltd., a Singapore-based revenue platform provider for independent hotels, has on Thursday announced the successful completion of an oversubscribed $9 million Series B round led by SoftBank Ventures Asia.