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💡 STRICTLY CONFIDENTIAL
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🏛️ Company Description
PropertyScout is a Bangkok-based prop-tech startup, building South East Asia’s leading real estate transaction platform to enable trusted renting, buying, and selling experience by leveraging tech, AI, and their own agents. PropertyScout offers one of the largest selections of relevant listings for residential rental and sales properties.
🚀 Highlights
- Revenue (total commission value) increased by 100% MoM to a new record of USD 138k in February 2022.
- The platform has over 155k property listings marketed on the platform (ca. 134k rental listings plus ca. 21k home sales listings marketed), making it >4x bigger than the next biggest realtor in Thailand in terms of listings.
- Acquired two well-established real estate agencies in Bangkok in February, Fresh Property and Piri Property, with the teams of both companies joining to support and fuel the fast growth.
- Second-time Founder, who was previously the CFO, COO, and Co-Founder of HotelQuickly (acquired by Rising Sun Group in Aug 2017). HotelQuickly was the leading last-minute hotel booking app throughout Asia-Pacific and grew to 100+ employees, a local presence in 16 countries between Japan and New Zealand. and raised more than USD 8m of funding in 3 rounds before existing to Rising Sun Group.
- Full Investor Deck here with more information on the traction.
ℹ️ More about PropertyScout
Founded in 2019 by a team of experienced Thai-international serial entrepreneurs and industry experts, PropertyScout’s tremendous growth is driven by real estate professionals, marketing specialists, and technology experts.
The company is solving the problem of a poor consumer experience when renting or buying property due to fake listings and unprofessional service:
- In Thailand and other developing markets, it is estimated that 80% of property listings on property classifieds portals are not available or fake.
- Roughly 90% of the property listings are advertised by 200k+ “mom- and-pop-shop” agents with often unprofessional service.
🎯 Opportunity Overview