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The following is the [Travel News]: Indonesian capsule hotel startup Bobobox bags $11.5 million Series A funding from [DealStreetAsia] recommended by TheTourAttraction.com:
They are tapping into a sizeable market of USD 20 billion in Southeast Asia.
Indonesian capsule hotel startup Bobobox has bagged USD 11.5 million in Series A funding from new and existing investors, its co-founders told DealStreetAsia.
Bobobox’s founders, Indra Gunawan and Antonius Bong, believe that there’s more to traveling than just a fancy hotel suite; that traveling should be more about the experience, and to achieve that, you don’t actually need much. That’s how they came up with the idea of building an innovative, hi- tech capsule network with a vision to provide travelers a better experience with less.
Founded in 2017, Bobobox aims to be a game changer in Indonesia’s hospitality industry. They are tapping into a sizeable market of USD 20 billion in Southeast Asia. Driven by the millennials, the future of the global market demand for budget hotel is expected to show unprecedented growth. With their pods and business model, Bobobox is tackling space, security, and affordability issues that occur in regular budget accommodation.