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PropertyGuru to Turn Profitable This Year After Expansion Spurt
- CEO says no plans for an IPO this year but not ruling out 2018
- Focus on artificial intelligence to pay off for company: CEO
Hari Krishnan.
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
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.”