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After closing the S$175 million investment by a strategic consortium comprising TPG, Emtek Group and Square Peg Capital in June, Asia’s leading online property portal PropertyGuru announced Wednesday the appointment of four new Directors, including a new Chairman to the their board.
TPG’s Partner and Managing Director Ganen Sarvananthan becomes PropertyGuru Chairman, while TPG’s David Gowdey, Square Peg Capital Partner and Co-founder Paul Bassat, and Emtek Group Commissioner Jay Wacher join PropertyGuru co-founders Steve Melhuish and Jani Rautiainen as board Directors.
Additionally, TPG Senior Advisor Tunku Ali Redhauddin Muhriz becomes Chairman of PropertyGuru Malaysia.
“Our Chairman and each new board members bring significant and relevant experience, insights and business networks to the board. This will help PropertyGuru capitalise on our now expanded capacity to pursue our growth agenda and seize new opportunities in the region’s digital space,” said PropertyGuru co-founder and CEO Steve Melhuish.
PropertyGuru announced the S$175 million investment last 9 June. The investment—which marks the largest investment into a Southeast Asian tech company in this year—was completed on 22 June.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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