# 99 Group (99.co | Rumah123 | SRX)

> 99 Group is a Southeast Asian real estate technology company that runs property marketplaces in Singapore and Indonesia. Founded in 2014 by Darius Cheung, it operates 99.co and SRX.com.sg in Singapore and 99.co/id and Rumah123.com in Indonesia, connecting home seekers, agents, and developers through map-based search, price analytics, and the X-Value automated valuation tool. After absorbing REA Group's iProperty and Rumah123 and acquiring SRX, it became one of the two dominant property portal groups in the region, positioned against PropertyGuru.

- **Founded:** 2014
- **Headquarters:** Singapore, Singapore
- **Founders:** Darius Cheung (Co-founder & Group CEO), Yan Phun (Co-founder), Conor McLaughlin (Co-founder)
- **Team size:** ~500-610 employees
- **Products:** 99.co, Rumah123.com, SRX (Singapore Real Estate Exchange), iProperty.com.sg
- **Notable:** Became the largest property portal in Singapore and Indonesia within about three years of founding, Took operational control of REA Group's iProperty.com.sg and Rumah123.com through a 2019 joint venture, Acquired Singapore Real Estate Exchange (SRX) and its X-Value valuation algorithm in 2020

## Products & services

- **99.co** — Property marketplace and portal in Singapore and Indonesia with map-based and commute-time search, price analytics, finance planners, and smart filters for buying, selling, and renting homes.
- **Rumah123.com** — One of Indonesia's largest property listing portals, acquired from REA Group and integrated into 99 Group's Indonesian operations.
- **SRX (Singapore Real Estate Exchange)** — Real estate data and analytics provider whose X-Value algorithm gives instant automated valuations of Singapore properties.
- **iProperty.com.sg** — Singapore property portal brought under 99 Group control through the REA Group joint venture.

## Achievements

- Became the largest property portal in Singapore and Indonesia within about three years of founding
- Took operational control of REA Group's iProperty.com.sg and Rumah123.com through a 2019 joint venture
- Acquired Singapore Real Estate Exchange (SRX) and its X-Value valuation algorithm in 2020
- Raised over US$100M in total funding across seed through Series C
- Grew FY2022 revenue 19% year on year to about US$8.7M while reducing losses

## Latest updates

- **2023-03** — Raised an additional US$11M Series C extension led by GAW Capital Partners with OCBC NISP Ventura, pushing total funding past US$100M.
- **2022-07** — Closed a US$52M Series C round to fund growth across Singapore and Indonesia.
- **2022** — Reported FY2022 revenue of about US$8.7M, up 19% year on year, with narrowing losses.

## Links

- Website: https://99.co
- LinkedIn: https://www.linkedin.com/company/99-co
- Twitter/X: https://twitter.com/99dotco
- Instagram: https://www.instagram.com/99dotco
- Facebook: https://www.facebook.com/99dotco

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Profile page: https://yespress.io/99-group-99-co-rumah123-srx
Published by YesPress — https://yespress.io
Last updated: 2026-08-03