Indonesia Digest: OYO launches home rental; Bukalapak partners Google

In recent updates from Asian unicorns, hotel aggregator OYO has launched its long-term housing rental business in Indonesia while Bukalapak has collaborated with Google to support the MSME business in the country.

OYO launches OYO Life to expand home rental business in Indonesia

Indian hospitality company OYO Hotels & Homes has launched OYO Life to expand into the home rental segment, targeting young professionals and students.

The long-term housing rental segment, which called ‘kost’ in Bahasa Indonesia, is a growing business in Indonesia where millennials prefer to choose co-living spaces.

OYO estimated there are 70 million people in Asia who prefer to live in a ‘kost’ with one-third of that number in Indonesia (approximately 23 million), according to the company’s internal research.

The kost business would also have an extended business chain that OYO could leverage, including catering, laundry, and housekeeping businesses.

OYO Life accommodation will be equipped with CCTV, wi-fi connection, TV unit, housekeeping service, and 24-hour security service.

OYO Life has launched 2,500 rooms in eight cities and will aggressively expand into other cities, targeting to launch 10,000 rooms in more than 10 cities by the end of this year.

Bukalapak partners Google to support MSMEs

Bukalapak has announced its collaboration with tech giant Google through Google My Business to support Bukalapak MSME partner kiosks called Warung Mitra Bukalapak.

The collaboration aims to optimise digital technology adoption to develop the potential of MSMEs in Indonesia.

According to the ministry of communication and information technology data, only 16.33 per cent of a total of 58.9 million MSME players in Indonesia has adopted digital technology.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.