Berlin-based co-living startup Habyt plans to take on APAC with new merger

The merger will allow the company to continue deepening its footprint within the core markets and to expand presence in new gateway cities in the Asia Pacific region
Berlin-based co-living startup Habyt plans to take on APAC with new merger

Berlin-based co-living company Habyt has announced its merger with Asia Pacific player Hmlet to consolidate its position globally in the ever-burgeoning co-living market. Following the merger, the new group will manage over 8,000 units worldwide and support 15,000 tenants every year. 

Habyt’s living subscription and app will be rolled out across all markets, allowing members to move effortlessly between locations, access services at the touch of a button and connect with like-minded communities.

Founded in 2017 by Luca Bovone, the German platform allows anyone to easily rent a fully-furnished and serviced unit hassle-free for an unlimited period of time, with all the bills included in a single monthly payment. 

The startup has been on an acquisition spree for the last one year. The merger builds on the acquisition of Italian co-living provider, Roomie, in March this year and Frankfurt’s homefully last year. The platform had also closed a Series B round totaling €20 million in June of 2021.

Luca Bovone, CEO, Habyt said: “The need for unbureaucratic, hassle-free and accessible living is greater than ever before. Together we will work towards our vision of enabling anyone to live anywhere across the globe.”

Giselle Makarachvili, CEO, Hmlet added: “We are continuing to deepen our footprint in our existing markets in APAC and aim to expand into new markets.”

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