JAKARTA (TheInsiderStories) – Singapore’s startup company 99.co has completed the acquisition of UrbanIndo.com, one of Indonesia’s largest property portal, for undisclosed value. Currently, UrbanIndo has over 1.2 million active listings.

“With numerous synergy between the teams in two countries, we will be delivering exciting new products to serve buyers, agents, and developers, and aim to be the leading property technology company in Southeast Asia”, said Petra Barus, CTO of UrbanIndo.

“We are incredibly excited to welcome the UrbanIndo team to join the family, they have an incredible team and have built up critical leadership in product, listings, and consumer demand that will put us on a 10x growth trajectory in Indonesia,” said Darius Cheung, CEO of 99.co. (*)