Having Experienced Business Difficulties, Infokost Now Acquired by Rukita

Aims to broaden the scope of business, Rukita officially acquired the Infokost platform. Previously, Infokost had closed their service in 2020 and was under the auspices of GDP Venture.

Previous Infokost . service was stopped in 2020 due to business difficulties, plus the pandemic. The company announced this through its official website. Infokost has more than 20 thousand listing housing contains complete information, ranging from data and completeness of residential facilities, public facilities such as ATM and minimarket locations, to location maps. For applications, they provide the IbuKost application for property management for owners or managers.

After officially becoming sister companies from Rukita, Infokost will be updated in terms of appearance on the site to make it more fresh and relevant for users. Thus Infokost can offer more than one million rooms inside listing infokost.id property and serves 50 thousand boarding house owners.

"With this acquisition, we can serve even more consumers and property owners throughout Indonesia through Infokost. This is one of a series of business expansions that Rukita will undertake in 2022," said Co-Founder & CTO Rukita Xu-Zonne Ho.

later Infokost will continue to run its business independently. However, management property listings and others are still under the direct supervision of Rukita. A number of listing from Rukita will also be included in Infokost.

From the user side, Rukita is separated from Infokost. There is no plan to combine Rukita and Infokost applications in one platform.

"In the future, we will continue to develop the latest innovations and features at Infokost.id to immediately present them to the public, so that Infokost can provide optimal service to consumers and boarding house owners," said Xu.

Long term housing provider

In less than three years, Rukita claims to have had a total of 13 million visitors on the site since its first launch in mid-2019. Started by property management services through brand Rukita, then added to the expansion of its services through RuOptions, service marketing property. A series of innovations through the Rukita Application, Rumanage Application, Rukita Mods, and other innovations are also launched aggressively in 2021.

Rukita who originally focused on co-living has now shifted to asserting its position as a Long-Term Residential Rental Provider, through plans for major acquisitions and expansions carried out throughout 2022.

For approximately two years of existence, Rukita has succeeded in increasing collaboration with more than 20.000 properties on its platform. These residences are spread out in dense areas around Jabodetabek with the price range offered varies depending on the supporting facilities and position.

Recently, Rukita also joined Surge (Acceleration program from Sequoia Capital India). This program was attended by 20 startup companies (one of them is Rukita) with a total funding of $60 million from Surge and para co-investors.

“Rukita has expertise in property management and the use of technology to create a better lifestyle for urbanites in Indonesia. With the spirit of innovation that answers the needs of millennials, we are ready to solidify our position in this industry," concluded Xu.

The rental housing market is indeed quite large in Indonesia in the midst of rapid urbanization. Apart from Rukita, other platforms that focus on this service are Mamikos. In addition to listing services, they have also started to venture into co-branding and rental property management services.