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PropertyGuru CEO resigns; new exec to start in March

Southeast Asian proptech company PropertyGuru Group has announced the resignation of CEO Hari V. Krishnan after ten years in the role.

Krishnan was instrumental in PropertyGuru’s public listing on the New York Stock Exchange and its acquisition by EQT Private Capital Asia. Following the transition, he will remain with the company as a senior advisor to the board.

Lewis Ng, a former executive at PropertyGuru, will succeed him as CEO starting in March 2025.

Ng brings over 20 years of experience in the technology and business fields. He previously worked at PropertyGuru from 2014 to 2019. His experience includes roles at Apple and TripAdvisor, and he most recently served as chief operating officer at Seek Asia.

Recent PropertyGuru developments

Timeline
04-Sep-2024 📉 PropertyGuru sinks deeper into the red with $12.3m loss in Q2
  • PropertyGuru reports S$16.1M net loss in Q2
  • Revenue up 10.3% to US$31.1M, driven by marketplaces
04-Sep-2024 📈 PropertyGuru’s financial health in 5 charts
  • PropertyGuru expands into fintech services
  • New interactive charts show quarterly performance
16-Aug-2024 🏢 PropertyGuru to delist with EQT’s $1.1b acquisition bid
  • PropertyGuru to be acquired for US$1.1 billion.
  • Merger offers 52% premium over last share price.
03-Jun-2024 🏢 PropertyGuru makes big bet on mall analytics, progresses on loans business
  • PropertyGuru launches Mall Intelligence Module.
  • Revenue increases 11.9%, net loss narrows.
21-May-2024 🏢 PropertyGuru Q1 loss narrows to $4.6 million
  • PropertyGuru narrows Q1 2024 net loss to S$6.3M
  • Marketplace revenue up 13%, led by Singapore’s growth

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