PropertyGuru appoints Rachna Bhasin to Board of Directors as an Independent Director
Brings Global Executive and Board Experience for Publicly listed Companies
SINGAPORE, 26 August 2021 PropertyGuru Group (PropertyGuru or the Group), Southeast Asias
leading property technology (PropTech) company1, today announced Rachna Bhasin has joined its Board as an Independent, Non-Executive Director.
PropertyGurus Board of Directors is now comprised of 50% Independent Directors demonstrating the Groups continued focus on governance.
Ms. Bhasin, who has worked in the U.S., Hong Kong, Australia and New Zealand, has built her career leading global companies in the technology, music and
consumer internet industries through successful digital transformations to stay ahead of emerging consumer trends. She served in senior roles at Sirius XM, Magic Leap, Dell and EMI Music, where she was responsible for corporate strategy, business
development, M&A, digital engagement and consumer partnerships, as these organizations accelerated their growth to capture the opportunities created by fundamental market changes and large secular trends.
She currently serves as an Independent Director on the Board of two publicly listed companies, Shutterstock (NYSE:SSTK), where she is a member of the
Nominating and Corporate Governance and Human Resources committees, and Ryman Hospitality Properties (NYSE:RHP), where she is a member of the Nominating and Corporate Governance and Compensation committees. She is also the Founder and CEO of EQ
Partners, which provides strategic advisory and consulting services to U.S. and European companies in the media and technology industries. In addition, she is 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.
Ms. Bhasin joins PropertyGurus Board as the Group prepares to become a public company listed on the NYSE following its previously announced planned
business combination with Bridgetown 2 Holdings Limited (NASDAQ: BTNB) (Bridgetown 2), a special purpose acquisition company formed by Pacific Century Group and Thiel Capital LLC. Ms. Bhasin will be PropertyGurus fourth
Independent, Non-Executive Director and will serve on the Audit & Risk Committee (ARC), which is entirely comprised of Independent Directors.
Hari V. Krishnan, Chief Executive Officer and Managing Director, PropertyGuru Group, said PropertyGuru is at the forefront of reshaping Southeast
Asias property market and Rachnas 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.
The investments
in our business and the strategic acquisitions that we made over the past two years have positioned us well to capture the significant opportunities being created in Southeast Asias property market by powerful, long-term macroeconomic trends:
urbanization, a rising middle class and digitalization. As our fourth Independent Director, Rachna joins our seasoned board which has driven an ever-increasing level of governance for the Group, and has been an invaluable sounding board to our
professional management team. We are thrilled to welcome Rachna to PropertyGuru and look forward to her many contributions in the years to come.
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 Companys journey. I believe my complementary skills and deep understanding of technology-enabled platform businesses will help the Group build on its trusted and transparent online
property marketplaces to offer an even greater range of products and services across the property value chain, and create lasting value for all our stakeholders.
With Ms. Bhasins appointment, PropertyGurus Board of Directors expands to 8 Directors:
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Olivier Lim, Independent Non-Executive Director, Chairman
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In terms of relative engagement market share based on SimilarWeb data.
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