Jendela360, the Jakarta-based proptech startup, has notched USD 1 million in new funding, led by Singaporean venture capital firm Beenext, which was joined by Prasetia Dwidharma, Everhaus, and an unnamed investor who is said to manage the largest international property consultancy firm in Indonesia. This comes a few days after Beenext closed two new funds worth USD 160 million which it pledged to invest in startups across Southeast Asia, India, and Japan.
Jendela360 connects tenants, landlords, and agents on one platform that offers more than 9,000 apartment units in Indonesia. Inspired by Chinese real estate broker LianJia and the New York startup Compass, the company was founded in 2017 by Kiki Guzali, Daniel Rannu, and Ade Indra. It’s the first Indonesian startup that produced 360 virtual tours in the Indonesian property industry.
With the fresh capital Jendela360 plans to invest in the online-to-offline approach.
“Even though our online presence is already quite excellent, I believe that for the perfect user experience, a property transaction needs an equally excellent offline approach,” said COO and co-founder Kiki Guzali. “With this funding, we can recruit best real estate agent talent, develop a training system that will be the birthplace of real estate agents with an excellent standard.”
Fresh air for the property industry
Daniel Rannu highlighted that the business has grown 30-fold over three years. The significant growth in a sluggish property market in the country attracted the investors to Jendela360.
“Property is one of the businesses that has always been as lucrative and also everlasting, but it is also one of the industries that seemed to be left untouched by any kind of innovation,” said co-founder and CFO Ade Indra. “We believe that we are even more ready to bring innovation and fresh-air to the Indonesian property industry.”