The proptech company Rukita, with its headquarters in Indonesia, revealed that it had raised $15 million in the Series B1 funding round.
The business is excited to welcome MPower Partners, BNI Ventures, Openspace Ventures, and other global impact investors, including well-known NBA player Jeremy Lin, as new partners and investors in this round. stated Rukita in a statement.
All of Rukita’s current investors, including Surge from Peak XV, Golden Gate Ventures, Shunwei Capital, OCBC Ventures, and real estate veteran David Tsang, took part in the round.
The significant funding, which indicates the confidence in Rukita as a market leader, was provided, according to the statement, despite difficult market conditions and an ongoing “funding winter” that presents fundraising challenges for many other companies due to unfavorable economic situations in the region.
The money will play a key role in propelling Rukita’s growth plans, which include creating innovative products, growing the range of services it offers, and bringing in top tech talent to strengthen its staff.
Rukita will be able to take advantage of new opportunities in the vibrant Indonesian market by leveraging its strong foundation thanks to the infusion of capital.
“We are thrilled to have the support of our investors, both existing and new, who share our vision for the future of proptech in Indonesia and Southeast Asia,
“This funding marks a significant step forward in our journey to redefine the real estate landscape and drive accessibility to quality housing for different lifestyles and life stages,” said Sabrina Soewatdy, Chief Executive Officer of Rukita.
Rukita’s Chief Operating Officer, Sarah Soewatdy, stated that the company is excited to add more tech talent to its bench to bolster its platform and better cater to its expanding clientele of landlords and tenants.
Rukita, which was founded in 2019 by Sabrina and Sarah Soewatdy, was intended to address Indonesia’s mounting housing crisis and profit from the country’s sizable millennial population as well as the country’s expanding middle class.
