AllProperty Media, the company behind Singapore’s largest property website www.PropertyGuru.com.sg, has won the award for Best Performing VC/PE-Backed Company at the first annual 2010 Singapore Venture Capital and Private Equity Association (SVCA) Awards. The accolade comes less than a week after PropertyGuru won the Singapore Infocomm Technology Federation (SiTF) award for Best E-Enterprise Company for 2010.
Mr. Steve Melhuish, CEO of AllProperty Media, said: “We’re delighted to receive this prestigious award, which recognises our outstanding growth and increased shareholder value over the last three years. This is testament to the team’s hard work plus our investor’s continued unwavering support. We’re committed to building on this success and to further accelerate our growth over the coming three years.”
The awards, organised by SVCA, recognise Singapore’s venture capital and private equity back firms for their outstanding business performance, increase in shareholder value, effective use of funds and the investors’ role in adding value to the business.
The company was singled out for its stellar business performance over the past three years, with the effective use of funds and the active role of its investors – Upstream Ventures and Tigris Capital – in adding value to its business.
“We would like to congratulate AllProperty Media and the investors, Upstream Ventures and Tigris Capital, on winning the award. We are happy to see VC and PE firms bring value-add to their investee companies and achieve successful business performance together,” said Mr. Eugene Wong, chairman of SVCA.