Vinod Nair Cuts Losses And Doubles Down On Winners
May 7, 2010 by Gwendolyn Regina T
We just got news from Vinod Nair, CEO of The Real Group, the company behind HomeSpace and RentSpace, that the two web properties will be taken down on the 1st of June. The other members of the team who helped make HomeSpace and RentSpace happen are Jarrold Ong, Zhuo Weifeng, Staelen Yew and Timothy Kua.
However, Vinod still has SmartLoans and Textuate to play with. We understand from him that they were unable to generate enough traction with HomeSpace and RentSpace while SmartLoans is doing “pretty well”, and Textuate only recently launched so its progress remains to be seen.
Read an interview we did with Vinod back in 2007 on HomeSpace and check out our coverage on HomeSpace, RentSpace, SmartLoans and Textuate.
In the property portal space, it seems like PropertyGuru is doing well, with their latest partnership with SGCarMart.
Image credit: Paolo Camera
About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Apart from SGE, Gwen is also a Partner at Thymos Capital, where she focuses on early stage investments in technology firms. She has had two exits out of her investments via the firm, one of which is iHipo. A frequent judge for business competitions both locally and overseas, she graduated from the National University of Singapore. Gwen also spent some time in Silicon Valley and studied in Stanford University under the NUS Overseas College programme. Gwen is a mentor at Spanish incubator Tetuan Valley, Polish incubator Gamma Rebels, the Singapore Ambassador for the Sandbox network and the Singapore curator for StartupDigest. She enjoys languages, travelling, dance and adventure sports. Gwen can be found on LinkedIn and Twitter.
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