PropertyGuru Limited announced that it has entered into a subscription agreement for private placement of 13,193,068 common shares at a price of $10 for the proceeds of $131,930,680 on July 23, 2021. The company entered into subscription agreement with REA Group Limited. The transaction for $100,000,000 will include participation from Akaris Global Partners, LP, REA Group Limited, Baillie Gifford & Co., Naya.

The investor REA Group Limited committed an additional $32,000,000 in the transaction.