We are a data- and technology-driven property technology company based in Singapore. Through our subsidiaries, we operate a one-stop-shop property platform which provides end-to-end property solutions and services for our customers, which comprises brokerage services and emerging and other services, such as home renovation and furnishing services, listing and research, mortgage referral, legal services and insurance referral services.
Our one-stop property platform, accessible via our website – https://ohmyhome.com – and (our) mobile application, is a rapidly growing online real estate platform in Singapore, Malaysia and the Philippines (by way of our licensed platform in the Philippines).
Since the commencement of our business operations in 2016, our platform has facilitated over 4,400 agent brokerage transactions and other property-related services and over 7,200 self-transacted online property transactions, with an aggregate GTV of over US$2.5 billion as of July 31, 2022, making us one of Singapore’s largest integrated property transactions and services platform, according to Frost & Sullivan.
Our platform appeals to and supports a growing online community and network of users looking to list and search for properties online, seeking information on their property transactions and other value-added services, through the comprehensive property-related solutions and services available on our platform.
As of July 31, 2022, we have over 250,000 monthly active users on our online website and mobile application, and over 650,000 downloads of our mobile application. Our website also receives a weekly average of over 150,000 unique visitors and a weekly average of over 280,000 website visits. As of July 31, 2022, our platform contained over 20,000 active listings for residential properties for sale and rental on a monthly basis. An active listing refers to a listing where the property of the subject listing is still on the market for sale or for lease. Each listing has an expiration date of 30 days from the date of the listing and listing owners will have to renew the listing before its expiry to keep the listing active for another 30 days. In the event where a listing has reached its expiry or is indicated as sold or leased as the case may be, such listing would be removed and will no longer be searchable by the public unless a new listing has been created.
**Note: Revenue and net loss figures are for the 12 months that ended June 30, 2022.
(Note: Ohmyhome Ltd. priced its downsized micro-cap IPO on March 20, 2023, at $4.00 – the bottom of its $4.00-to-$5.00 price range – on 2.8 million shares – down from 3.25 million shares in the prospectus – to raise $11.2 million, according to a news release issued by the company on Tuesday afternoon, March 21, 2023, after the stock had started trading on the NASDAQ. The IPO raised $3.63 million less than the $14.63 million in estimated IPO proceeds (based on pricing at the $4.50 mid-point on 3.25 million shares in the prospectus). An Ohmyhome Ltd. selling stockholder named in the prospectus sold 975,000 shares, the company said in its IPO pricing announcement. The company did not receive any proceeds from the sale of the selling stockholder’s shares. Ohmyhome Ltd. changed its sole book-runner to Prime Number Capital – from Spartan Capital Securities – in an F-1/A filing dated March 6, 2023. On Dec. 6, 2022, Ohmyhome Ltd. filed its F-1 and disclosed terms for its IPO: 3.25 million shares at $4.00 to $5.00 to raise $14.63 million.)