MetroResidences
| File:VerticalMRLOGO.png | |
| Private limited company | |
| ISIN | 🆔 |
| Industry | Hospitality |
| Founded 📆 | 2014 |
| Founder 👔 | James Chua and Lester Kang, Co-Founders[1] |
| Headquarters 🏙️ | Singapore |
Number of locations | Singapore, Hong Kong and Tokyo |
Area served 🗺️ | |
| Members | |
Number of employees | 50 |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
MetroResidences is a serviced apartment booking platform operating in the sharing economy space, curating serviced apartments for business travellers. The accommodation types found on the platform comprises serviced residences as well as regular residential apartments. The company was founded on the 1st of July 2014 by two Singaporeans, Lester Kang and James Chua. It is headquartered in Singapore and has offices in Tokyo, Japan [2][3]and Hong Kong [4].
History[edit]
Inception[edit]
In 2014, the founders Lester and James, recognised the market need for affordable long-term corporate accommodation and created the platform to connect business travellers to apartments with services and facilities suitable for them.[5]
Funding[edit]
The company received its Seed funding of S$1 million in December 2015 led by 500Startups[6] and a group of investors to scale the business model in Singapore. Within a year from receiving the seed funding, it is reported that its revenue grew about 400%.[7] In April 2017, the company raised its Series A funding of S$4 million led by Rakuten Inc to fund its expansion to other Asian cities.[8][9]
Product & Services[edit]
MetroResidences currently operates in Singapore, Hong Kong and Tokyo, Japan. MetroResidences provides accommodation and related services such as housekeeping and maintenance.
References[edit]
- ↑ "Japan opens its doors to property start-ups". Straits Times. Retrieved 2018-03-01.
- ↑ "Singapore's MetroResidences steps into Japan's serviced-apartment biz- Nikkei Asian Review". Nikkei Asian Review. Retrieved 2017-10-25.
- ↑ "Japan opens its doors to property start-ups". Straits Times. Retrieved 2018-03-01.
- ↑ "MetroResidences, the Airbnb for business travellers, launches in Hong Kong". e27. Retrieved 2018-03-01.
- ↑ "Crazy poor expats: Why salaries for foreigners are falling fast". Singapore Business Review. Retrieved 2018-04-30.
- ↑ "MetroResidences secures S$1m funding led by 500Startups". www.dealstreetasia.com. Retrieved 2017-10-25.
- ↑ "Rakuten invests $2.8m in Singapore-based serviced apartment startup". www.techinasia.com. Retrieved 2017-10-25.
- ↑ "MetroResidences secures S$4m for Asian expansion". www.dealstreetasia.com. Retrieved 2017-10-25.
- ↑ "Accommodation start-ups set to stay". Straits Times. Retrieved 2018-03-01.
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