The Instahome team

Patrick Grove, Co-founder of iProperty Group and Catcha Group, has joined hands with serial entrepreneur Eric Tan to launch an online home rental platform Instahome in Malaysia, with a “7-figure USD” seed funding.

The seed capital came from Catcha, Tan and early founding employees of Instahome.

Founded in September 2020, Instahome leverages new-age design and technology to help renters improve the home rental experience for tenants, agents and landlords.

Also Read:‘SEA certainly sees consolidation in sectors where small players can’t compete’: Darius Cheung of 99.co

Tenants can manage their homes using the platform to pay rent, collect rewards, find maintenance services and manage their relationship with the agents and landlords.

As per a press note, the platform provides 3D virtual tours, HD photos and videos of every listed homes, besides offering features such as scheduled home visits and maintenance services arrangements.

The startup conducted a 200-renters survey in Klang Valley before the launch. A staggering 60 per cent of the respondents said the quality of listing on existing property websites is their biggest frustration when looking for a rental home.