About 99 Group
99 Group is a company based in Singapore (Singapore) founded in 2014 by Darius Mahtani Cheung.. 99 Group has raised $88.49 million across 6 funding rounds from investors including Peak XV Partners, Gaw Capital Partners and OCBC NISP Ventura. 99 Group has completed 4 acquisitions, including Rumah123, SRX and UrbanIndo. 99 Group operates in a competitive market with competitors including idealist, Zillow, Yandex, Trulia and Zigbang, among others.
- Headquarter Singapore, Singapore
- Founders Darius Mahtani Cheung
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$4.44 M (USD)117as on Jun 30, 2021
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Net Profit
$-7.9 M (USD)36as on Jun 30, 2021
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EBITDA
$-7.9 M (USD)36as on Jun 30, 2021
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Total Equity Funding
$88.49 M (USD)
in 6 rounds
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Latest Funding Round
$11 M (USD), Series C
Mar 13, 2023
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Investors
Peak XV Partners
& 11 more
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Employee Count
Employee Count
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Investments & Acquisitions
Rumah123
& 3 more
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Sales and Marketing
14 people
Software Development Team
10 people
Product Management Team
10 people
Human Resources and Administration
8 people
Creative and Marketing Team
7 people
Finance and Accounting
6 people
Leadership Team
5 people
Account Team
3 people
Unlock access to complete
Funding Insights of 99 Group
99 Group has successfully raised a total of $88.49M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $11 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $11.0M
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First Round
First Round
(06 May 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series C - 99 Group | Valuation | GAW Capital Partners , OCBC NISP Ventura |
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| Jul, 2022 | Amount | Series C - 99 Group | Valuation | GAW Capital Partners |
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| Aug, 2019 | Amount | Series B - 99 Group | Valuation | Mindworks Capital , Allianz X |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 99 Group
99 Group has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, Gaw Capital Partners and OCBC NISP Ventura. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Real estate investment and fund management services in global markets.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Early and expansion stage tech investments are targeted across Pan-Asia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 99 Group
99 Group has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Rumah123, SRX and UrbanIndo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online listing platform for residential properties
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2014 | ||||
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Residential properties in Indonesia are listed via UrbanIndo's platform.
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2011 | ||||
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Online listings for real estate properties are provided by Rumah123.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - 99 Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
99 Group Comparisons
Competitors of 99 Group
99 Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as idealist, Zillow, Yandex, Trulia and Zigbang, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online listing platform for buying and selling residential and commercial properties
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| domain | founded_year | HQ Location |
Residential properties are listed and searched through an app-based platform.
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| domain | founded_year | HQ Location |
An AI-enabled search engine and related digital services are provided.
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| domain | founded_year | HQ Location |
Residential real estate search engine
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| domain | founded_year | HQ Location |
Real estate listings are facilitated through web and mobile platforms.
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| domain | founded_year | HQ Location |
Real estate properties are discovered via an online portal.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 99 Group
Frequently Asked Questions about 99 Group
When was 99 Group founded?
99 Group was founded in 2014.
Where is 99 Group located?
99 Group is headquartered in Singapore, Singapore.
Who is the current CEO of 99 Group?
Darius Mahtani Cheung is the current CEO of 99 Group. They have also founded this company.
Is 99 Group a funded company?
99 Group is a funded company, having raised a total of $88.49M across 6 funding rounds to date. The company's 1st funding round was a Series B of $15.2M, raised on May 06, 2014.
What is the annual revenue of 99 Group?
Annual revenue of 99 Group is $4.44M as on Jun 30, 2021.
What does 99 Group do?
Online listing platform for residential and commercial properties. The platform enables users to buy, sell rent residential and commercial properties. It enables users to specify a location to find a list of registered properties and can connect with the agent via the platform. Property owners and landlords can create listings by providing necessary information such as price, area, amenities offered, and more. Its mobile app is available on Android and iOS devices.
Who are the top competitors of 99 Group?
99 Group's top competitors include Zillow, PropertyGuru and Trulia.
How many acquisitions has 99 Group made?
Who are 99 Group's investors?
99 Group has 12 investors. Key investors include Peak XV Partners, Gaw Capital Partners, OCBC NISP Ventura, Mindworks Capital, and Allianz X.
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