13 Nov '11, 4am

Msia's iBilik gets funding, Asia's online short term rentals market heating up?: This latest investment is an in...

Msia’s iBilik gets funding, Asia’s online short term rentals market heating up? November 13, 2011 by Terence LEE Singapore-based Crystal Horse Investments announced that they have pumped in an undisclosed sum of second round funds into Malaysia-based Ocision , which owns and manages iBilik , a short term rentals site in the vein of AirBnb and Roomorama . The investment will be used for marketing expenses and expansion. iBilik has a presence in Malaysia, Singapore, and Indonesia. The founder, Ng Say Joe, is a serial entrepreneur with experience starting up two other Malaysian websites. This latest investment is an indication that the online short term rentals market is heating up in Asia. Recently, we interviewed the founders of Roomorama, another rentals site founded in New York City but expanding to Asia. Their competitor, 9flats, has also set up an office in Singapore wi...

Full article: http://sgentrepreneurs.com/news-stop/2011/11/13/malaysias...

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