99.co Group

Based in Singapore, 99. co Group operates as a prominent digital platform specializing in real estate transactions, connecting buyers, sellers, and renters with an array of property listings across the region. 99. co Group was founded in 2014 and is headquartered in Singapore.

The company is focused on facilitating real estate transactions through its online platform. Darius Cheung is one of the co-founders, who has also been involved in other ventures. As of September 19, 2023, the company raised USD 49. 44 mn in Series C funding from investors including Allianz AG, East Ventures, and others, bringing its total amount raised to USD 49.

44 mn with a current valuation of USD 366. 78 mn. The company has completed a total of 8 deals until now. 99.

co is a leading property portal dedicated to facilitating real estate transactions in Singapore. The company primarily offers a comprehensive digital platform where users can browse, buy, or rent various property types, including condominiums, landed houses, and HDBs (Housing and Development Board flats). The platform features a user-friendly interface that allows potential buyers and renters to access detailed listings that include floor plans, property specifications, and photos. Targeted towards both investors and homebuyers, 99.

co also provides tools such as a Property Value calculator and an affordability calculator, assisting users in making informed decisions based on current market conditions. The service caters to a diverse clientele comprising first-time homebuyers, seasoned investors, and real estate agents, primarily within the Singapore market. 99. co's revenue model is predominantly driven by transaction fees associated with property sales and rentals facilitated through its platform.

In 2022, the company's revenue amounted to USD 14. 04 mn, while it reported an EBITDA of USD -19. 37 mn for the same year. The company connects consumers with property listings and provides a seamless experience for users seeking their next home or investment opportunity.

Revenue is generated through premium features, subscription plans for real estate agents, and commercial partnerships with developers and real estate agencies. In September 2023, 99. co Group raised USD 49. 44 mn in Series C funding, which will be utilized to promote innovation and expand its presence in existing South East Asian markets while also targeting new markets in the region.

Specific timelines for upcoming product launches or geographic expansion have not been disclosed, but the company is focused on leveraging this funding to enhance its operational capabilities.