MetroResidences has 400-plus apartments in its portfolio. To date, more than 115,000 room rights have been booked by 800 corporate clients through the platform.
Rakuten invests $2.8M in ‘Airbnb for business travel’ startup MetroResidences
Meet MetroResidences, a Corporate Travel startup that is taking on Airbnb in Singapore
The company is 3 years old and sales grew 300% in 2016 vs 2015. Unlike most startups that are burning cash, the company is profitable.
Singapore’s ‘AirBnb for business travellers’ expand to Hong Kong
The startup is also expected to open a Series A funding round to support the expansion to Hong Kong, though a timeline has not been given.
MetroResidences’ Interview on Channel NewsAsia
Find out how MetroResidences contributes to the sharing economy in Singapore. View the full clip on Channel NewsAsia website.
Metro Residences in TechinAsia Feature
“For a long time, corporates had to rely on brands such as Frasers and Ascott. MetroResidences is now offering them a fresher option, to take a piece of this billion-dollar market,” says 500 Startups managing partner Khailee Ng.
Khailee Ng, Managing Partner at 500 Startups, was of the view that ‘for a long time corporates had to rely on brands such as Frasers and Ascott’.
“MetroResidences is now offering them a fresher option, to take a piece of this billion dollar market,” he added
500 Startups leads US$1M seed funding in
The online corporate apartment rentals startup will use the funds to increase marketshare in Singapore as well as to expand into another Asian city.