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Indonesia-based Rukita Raises $15 Mn Series B1 Funding

Rukita, a proptech company that empowers our customers by providing a hassle-free end-to-end housing solution has raised $15 Million Series B1 Funding. Rukita’s existing investors including Peak XV’s Surge, Golden Gate Ventures, Shunwei Capital, OCBC Ventures and Real Estate Veteran David Tsang invested in the funding round.
(L-R), Sabrina Soewatdy and Sarah Soewatdy

Rukita, a proptech company that empowers our customers by providing a hassle-free end-to-end housing solution has raised $15 Million Series B1 Funding. Rukita’s existing investors including Peak XV’s Surge, Golden Gate Ventures, Shunwei Capital, OCBC Ventures and Real Estate Veteran David Tsang invested in the funding round.

Read also – Foxtale Raises INR 120 Cr Equity Funding

The Indonesia-based startup also welcomes 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.

Read also – Utila Secures $11.5 Mn in Seed Funding Round

“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.

“We are excited that Rukita has become MPower Partners’ first investment into the Southeast Asian market, It aligns perfectly with the fund’s vision of integrating environmental, social and governance (ESG) principles into the core strategies of burgeoning startups,” said Yumiko Murakami, General Partner of MPower Partners. With the founding team’s vast expertise in business operations and the local real estate industry, we are proud to partner with Rukita in their mission to provide affordable, quality housing to Indonesia’s next generation”.

About Rukita

Launched in 2019 by Sabrina Soewatdy and Sarah Soewatdy, Rukita provides a holistic ecosystem for landlords, tenants, and buyers. It assist landlords and buyers in transforming their assets into high-yield rental property and elevate the living experience for tenants through end-to-end platform that makes their life hassle-free. Through RuFinance, it also facilitate the financing process to empower customers on the expansion of their property business, from renovation to property acquisition.

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