PropTech

Accacia, an India-based decarbonisation platform focused on the real estate and infrastructure sectors, has closed $2.5 million in seed funding led by Accel and B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, along with several leading angels, also participated in the round.

Y Combinator-backed Singapore workplace startup Deskimo, has expanded its services to Dubai, with plans to add Abu Dhabi and other cities in the region in the near future. The firm has built a network of independent workspaces across Dubai and makes them accessible via a mobile app.

PropertyGuru Group Limited, the Singapore-based property technology company, announced Monday its revenue for the third quarter this year rose 47 percent year on year to S$34.6 million ($25.1 million), underpinned by consistent growth in all markets and segments. Its net loss was S$7.4 million ($5.37 million) in the quarter and its adjusted earnings before…

MOGUL.sg, a Singapore-based artificial intelligence (AI)-driven property portal, has raised S$9 million ($6.58 million) in its first-ever funding round. The lead investor is Nech Capital.

PropertyGuru Group Limited, the Singapore-based property technology company, announced Friday that it has acquired Sendhelper, a Singapore home services technology company.

Malaysia-based property developer NCT Group of Companies (NCT Group) has inked a Memorandum of Understanding (MoU) with Microsoft in Malaysia to support NCT Group in the digitalisation of the upcoming NCT Smart Industrial Park (NSIP) in Selangor.

The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts, an India-based integrated incubator and accelerator for startups, have partnered to set up a $100 million PropTech fund to invest in startups bringing in innovative disruption in the realestate sector.

oVice, a Japan-based virtual office platform, announced Wednesday a 45 billion yen (around $32.5 million) Series B funding round led by a group of Japanese and overseas investors. The investment puts the company's total raised capital at $45 million.

Singapore-headquartered PropTech start-up Propseller announced Tuesday a $12 million Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific.

Singapore-based proptech firm PropertyGuru saw its revenue for the second quarter ended June 30 rose 43.6 percent to S$33.03 million ($23.74 million) from $23 million ($16.53 million) a year ago, underpinned by growth across all markets and business segments.