Aditya Hadi Pratama · · 1 min readPatrick Grove co-founded platform partners with Indonesian rental firm
Instahome, a Malaysia-based home rental platform, has announced a partnership with Flokq, an Indonesia-based startup offering similar services. In a statement, both companies said that they will be leveraging each other’s inventory, tech capabilities, and know-how.
Instahome co-founder Patrick Grove / Photo credit: Tech in Asia
Founded in November 2020, Instahome currently has more than 10,000 units listed across Selangor and Kuala Lumpur. The startup was established by Catcha Group owner Patrick Grove and Hitchbird board director Eric Tan.
Meanwhile, Flokq was founded by Anand Janardhanan and Harmeet Singh in late 2019. It also has more than 10,000 units listed on its platform, across Jakarta and Bali. Last year, it acquired co-living startup YukStay for an undisclosed amount.
Instahome and Flokq said that they each have serviced thousands of customers.
See also: Why is Patrick Grove starting a new property marketplace?
With this partnership, both companies aim to target around 14,000 Indonesian workers in Malaysia and 3,700 Malaysian students in Indonesia. The startups also want to serve travelers between the two countries, with the firms expecting increased demand from the market after travel restrictions are lifted.
Editing by Collin Furtado and Lorenzo Kyle Subido
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