Ribbit Capital Reportedly Led Series A Funding for Pihhome
The investment value is estimated at $25.5 million, involving a number of investors including Goodwater Capital, Insignia Ventures Partners and Global Founder Capital
Pinhome proptech startup reportedly received a series A funding worth of $25.5 million or equivalent to 369.3 billion Rupiah. We received the information that Ribbit Capital led this round. It is also its second investment in Indonesia after previously leading the series A funding of Ajaib platform.
Some other investors also participated in Pinhome's recent investment, including Goodwater Capital, Insignia Ventures Partners, and Global Founder Capital as the investment unit of Rocket Internet.
As DailySocial's team reached out, Pinhome refused to provide a response regarding investment. They only said that their main focus is currently to incerease the number of listings and expanding collaboration with stakeholders in the property sector.
In addition, they also said that they are expanding intensively for the on-demand services, Pinhome Home Service. Currently, the service is available in 14 cities including Jabodetabek, Bandung, Malang, Sleman, Sidoarjo, and Surabaya. Users can access it through the GoService feature in the Gojek application.
Was founded by Dayu Dara Permata (CEO ) and Ahmed Aljunied (CTO ) last year, Pinhome aims to facilitate easier, faster, and transparent property transactions with the help of technology.
In an interview, Dara explained, “Pinhome is very unique, we are an online platform that facilitates interaction between property owners, buyers, and agents. As a property owner, it will be very easy as in the future we will have access to hundreds of thousands of agents who are ready to help market their properties.”
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