Southeast Asia food delivery platforms’ total gross merchandise value (GMV) grew 5 percent year on year to $16.3 billion in 2022, from $15.5 billion in 2021, according to a report from Momentum Works. Growth was mainly driven by the relatively smaller markets of the Philippines ($2.4 billion), Malaysia ($2.2 billion) and Vietnam ($1.1 billion), while larger markets – Indonesia ($4.5 billion), Thailand ($3.6 billion) and Singapore ($2.5 billion) recorded declines in 2022.

The unicorn proptech, which currently operates in Colombia and Mexico, digitizes the process of buying and selling properties, buying the property quickly for those who sell and assisting in obtaining a mortgage for those who are buying one. The new financing will focus on expanding operations in its home country. It wants to increase its volume of buying and selling second-hand housing and offer an increasingly extensive portfolio to its customers.