PropertyGuru appoints new Chairman, Directors
After closing the S$175 million investment by a strategic consortium comprising TPG, Emtek Group and Square Peg Capital in June, Asias leading online property portal PropertyGuru announced Wednesday the appointment of four new Directors, including a new Chairman to the their board.
TPGs Partner and Managing Director Ganen Sarvananthan becomes PropertyGuru Chairman, while TPGs 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 regions digital space, said PropertyGuru co-founder and CEO Steve Melhuish.
PropertyGuru announced the S$175 million investment last 9 June. The investmentwhich marks the largest investment into a Southeast Asian tech company in this yearwas completed on 22 June.
Nikki De Guzman, Editor at CommercialGuru, wrotethis story. To contact her about this or other stories emailnikki@propertyguru.com.sg
More from PropertyGuru:
Kallang Park Connector a future cycling route?
Queenstown site awarded to HY Realty
Large apartments popular on auction market
Private home prices down 0.9%
