Putra Muskita · · 2 min readPropertyGuru’s founding CEO resigns from board, to focus on climate tech
PropertyGuru co-founder Steve Melhuish / Photo credit: Tech in Asia
Steve Melhuish, who co-founded proptech firm PropertyGuru and served as its first CEO, has resigned from the company’s board of directors. According to a LinkedIn post, he will now focus on “working with some awesome entrepreneurs co-founding, investing, and building new 100×100 climate tech ventures.”
Melhuish remains a small shareholder in PropertyGuru and retains a board observer seat with co-founder Jani Rautiainen, he wrote in the post.
“The PropertyGuru Group director role is my only non-climate related commitment, so resigning from the board after 16+ years was a big (but right) decision,” said Melhuish.
He co-founded PropertyGuru in 2007, not long after he and his family relocated to Singapore. Melhuish served as CEO from the company’s founding until stepping down in 2016, after which he assumed the role of vice-chairman.
Hari V. Krishnan, previously a vice president at LinkedIn, succeeded Melhuish at the top post. Krishnan has led the company since.
Since leaving his operational role at PropertyGuru, Melhuish and his wife Liz founded Planet Rise, an impact investment firm, in August 2019. He is also a founding partner at Wavemaker Impact, the climate tech venture builder launched by Wavemaker Partners.
Meanwhile, PropertyGuru went public at the New York Stock Exchange in 2022 through a SPAC deal with Bridgetown 2, an entity backed by names such as Peter Thiel and Richard Li. The proptech major reversed a four-quarter streak of losses with US$233,000 in net income for Q3 2023.
Editing by Lorenzo Kyle Subido
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