PropertyGuru to Turn Profitable This Year After Expansion Spurt

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Hari Krishnan.

Photographer: Nicky Loh/Bloomberg

PropertyGuru Pte, the top Southeast Asian real estate website backed by TPG Capital, expects to become profitable this year as it digests a clutch of acquisitions and rides growth in markets such as Indonesia and Vietnam.

“We have hyper-growth, our revenues are growing over 30 percent,” Chief Executive Officer Hari Krishnan, 39, said in an interview in Singapore. “We are a market leader in four of the five markets and the largest in the region by any measure whether traffic, total listings, revenues.”

PropertyGuru embarked on a series of investments in recent years to expand into new markets and add to its technology and marketing capabilities, driving up costs and cutting into profit. This year, the property search portal will reap the benefits of that expansion, especially in Indonesia and Vietnam, Krishnan said…

PropertyGuru to Turn Profitable This Year After Expansion Spurt

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