Jendela360 Pockets 14 Billion Rupiah Funding, Led by Beenext

The startup that first popularized the use of 360 virtual tour in the property sector in Indonesia, Jendela360, announced an initial funding of US$1 million or equivalent to 14,2 billion Rupiah led by Beenext. Several investors also supported this investment round, including Prasetia Dwidharma, Everhaus, and a local property consultant.

Windows360 is startup poptech based marketplace which connects users, property owners and agents in one platform. Virtual tour content with 360-degree views is a unique value offered, which is expected to improve user experience in determining the property unit to be rented.

This funding will be focused on improving the company's O2O (Online to Offline) strategy. In addition, the company also wants to recruit more of the best talents in the property world, including developing an academy or training system that can produce professional property agents, and improving brand awareness Window360.

"This is clear evidence that what Jendela360 has been doing so far has had a positive impact on the property industry in Indonesia. This can be seen from how Jendela360 has grown more than 30x in the last 3 years and this trend is seen by investors who put their trust in big on us," said Jendela360 Co-founder & CEO Daniel Rannu.

From the consumer's point of view, applied business processes when you want to rent an apartment; After selecting the appropriate option, the Jendela360 team will confirm the availability and details of the unit. Furthermore, users can visit the selected apartment accompanied by the Jendela360 team. If after the visit matches the unit, the consumer can make down payment until the handover of the unit and its supporting documents.

"Property is a business field that is always interesting and will never end, but so far there tends to be not much innovation in this field, through our achievements over the last 3 years and assisted with this latest funding, we are increasingly ready to bring innovation and a new breath of fresh air for property players in Indonesia," added Jendela360 Co-founder & CFO Ade Indra.

Proptech in Indonesia

In Indonesia, business competition in related sectors is quite tight. Several companies also continue to strengthen consolidation. In early 2018, Singapore-based property site developer 99.co officially announced its acquisition of the local platform Urbanindo. Not long ago they also formed j with REA Group, a property company online from Australia who operates iProperty and Rumah123.

Apart from the two groups of companies, PropertyGuru also operates a business unit in Indonesia. They run two sites, namely Rumah.com and Rumahdijual.com which were acquired at the end of 2015. In Indonesia, its operations are also supported by the EMTEK Group conglomerate as an investor in the series D funding round.

Meanwhile, Lamudi (including its business unit in Indonesia) has recently been acquired by Emerging Markets Property Group (EMPG). The goal is to strengthen the property portal group's business in Southeast Asia.