Frasers Property invests $37.7m in BetterBe marketplace
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Frasers Property is investing approximately $37.7 million in BetterBe, an online home-improvement marketplace in Thailand and Indonesia. This investment is part of a joint venture with Frasers Property Technology (Thailand) Co., Ltd. and Thai Beverage Public Company Limited, aimed at advancing technology and digitization in the real estate and beverage sectors. The funding includes a loan of around $37.7 million, which will support BetterBe's operations and growth, comprising a promissory note of $23.7 million and a loan facility of $14 million.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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