Tag: Bobobox indonesia
Hospitality startup Bobobox swims against the tide, secures funding
Indonesian hospitality startup BoboBox has secured US$11.5 million in a series A round led by Horizons Ventures and Alpha JWC Ventures. Other new and existing backers such as Kakao Investments, Sequoia Surge, and Mallorca Investments also participated in the round, according to a statement. Bobobox provides affordable hotel accommodation in the form of modular capsules. They are fitted with applications and internet-of-things systems to improve security, comfort, and affordability. With the fresh funding, the three-year-old startup plans to accelerate its product improvement by growing its tech team and strengthening its manufacturing and operating models. It also plans to extend its ... Read more