PropertyGuru Adds Talent to its Board Ahead of SPAC Sponsored IPO

Southeast Asian portal group PropertyGuru has today announced the appointment to its board of the widely experienced Rachna Bhasin as an Independent Non-Executive Director.

Bhasin comes with an impressive list of former employers including roles in the US, New Zealand and Australia at the likes of Dell, Magic Leap and EMI Music where she was responsible for corporate strategy, business development, M&A, digital engagement and consumer partnerships. She also currently sits on the board of Shutterstock and Ryman Hospitality Properties both of which are publicly listed.

In addition, Bhasin is also the Co-Founder of Pacifica Investments, an advisory and investment firm that works to identify and amplify innovative and disruptive technologies, brands and entrepreneurs from New Zealand and across Asia Pacific.

Rachna Bhasin, Independent, Non-Executive Director at PropertyGuru

Speaking about his company's latest appointment, Hari V. Krishnan, Chief Executive Officer and Managing Director, PropertyGuru Group, said:

“PropertyGuru is at the forefront of reshaping Southeast Asia’s property market and Rachna’s proven technology, entrepreneurial and public company Board experiences will be invaluable as we carry out our mission to help people find, finance and own their homes in an efficient and transparent manner. Rachna understands our journey and shares our passion for the digital transformation we are driving in the property
sector."

Commenting on her new role Rachna Bhasin, said:

“PropertyGuru is one of those special, once-in-a-generation companies that is helping transform a legacy industry by leveraging the power and reach of technology. I am incredibly impressed with what Hari and his talented team have built and I am excited to join the Board at this crucial time in the Company’s journey."

With Bhasin’s appointment, PropertyGuru’s Board of Directors expands to 8 Directors:

• Olivier Lim, Independent Non-Executive Director, Chairman
• Hari V Krishnan (CEO & Managing Director, PropertyGuru), Executive Director
• Jenny Macdonald, Independent Non-Executive Director, Chair Audit and Risk Committee
• Melanie Wilson, Independent Non-Executive Director, Chair Nomination Remuneration and Compensation Committee
• Rachna Bhasin, Independent Non-Executive Director
• Steve Melhuish (Co-Founder, PropertyGuru), Non-Executive Director
• Dominic Picone, Non-Executive Director
• Ashish Shastry, Non-Executive Director

Bhasin's appointment comes at a momentous time for the Singapore based portal operator. PropertyGuru is set to go public on the NYSE via a special purpose acquisition deal with Peter Thiel and Richard Li backed Bridgetown 2 Holdings and has recently completed the buyout of rival platform iProperty from REA Group.