Tired of ads? Enjoy an ad-free experience by signing up.
Shadine Taufik · · 1 min read

Co-living startup Hmlet’s CEO steps down

Former Hmlet CEO Giselle Makarachvili / Photo credit: Hmlet

Hmlet CEO Giselle Makarachvili has stepped down from her post to focus on family, the executive told Tech in Asia.

Makarachvili joined the Singapore-based flexible living firm in January 2020 as vice president of operations. One year on, she was appointed COO, and then made CEO in October 2021.

“After years of non-stop, I chose to take a short pause to enjoy adventures with my one-year-old as we count five weeks to welcoming his sister,” she shared in a LinkedIn post.

She will be succeeded by Jonathan Wong, who has already joined the firm, says Makarachvili. Wong previously held executive positions in the Asia-Pacific business of CloudKitchens as well as in the Singapore and Malaysia units of Uber.

Hmlet is a co-living platform aimed at young professionals, which was founded in 2016 by Yoan Kamalski and Zenos Schmickrath. The company employs 83 staff, as per its LinkedIn profile.

Last year, the firm was acquired by and merged with German co-living company Habyt. Together, the entity operates over 8,000 units across 20 cities.

The pandemic led Hmlet to implement several measures to help it stay afloat, which included cutting staff, shutting its Australia operations, and appointing new executives.

See also: Hmlet merger not due to need for cash, says CEO

Editing by Miguel Cordon and Lorenzo Kyle Subido

(And yes, we’re serious about ethics and transparency. More information here.)

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.

TIA Writer

Shadine Taufik

Fan of all things AI and art.