Malaysian end-to-end rentals specialist Instahome has ceased operations two years after launch, with the company's website no longer active.
Rumours are circling that the business struggled to secure extra funding in 2022 despite a strong executive team including CEO Eric Tan, iProperty group co-founder Leon Kong and CTO Kambiz Khanlari.
Instahome was backed by investors Catcha Group during its launch in October 2020, with a business model focused on end-to-end rental transactions including searching, referencing and booking. The platform also incentivised prompt rental payments from tenants with rewards, as well as helping with moving services and home maintenance.
Instahome was unavailable for comment.
The company previously partnered up with Indonesian co-living rental specialist Flokq to share each others' inventories.
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