The Indonesian tech startup market is continuously evolving with rapidly shifting economic dynamics. Many international players have understood the market’s importance by leading various partnerships in the country. Here’s our dedicated weekly review of the biggest startup news in the country.
FlySpaces, The Airbnb Of Coworking, Comes To Indonesia
Popularly called the “Airbnb for workspaces,” FlySpaces has been recently launched in Indonesia. The first FlySpaces office was launched in Philippines in 2015 and it opened a facility in Singapore in the same year, as well. It also offers coworking facilities in Hong Kong, Macau, and Kuala Lumpur.
Working along the lines of an Airbnb, FlySpaces connects property owners and users who are looking for spaces with flexible arrangements. Users can find meeting rooms, desks in a shared space, or private offices, that can be booked according to their needs at a given time.
The company acquired Malaysia-based coworking space 8spaces for an undisclosed amount of cash and equity in November 2016. In early 2016, FlySpaces secured $500K in its Seed round of funding and, as per a Deal Street Asia report, plans to raise another round very soon.
Government Launches Subsidised Coworking Space – Jakarta City Hub
As per a Deal Street Asia report, the Jakarta city administration has launched The Jakarta Creative Hub – a fully subsidised coworking space for young entrepreneurs. The move aims at solving the problems of affordable workspaces for budding entrepreneurs.