Kozystay co-founders Dane Putranto (left) and Frans Winarto
Kozystay, a tech-enabled hospitality company in Indonesia, has raised an undisclosed Series A round to accelerate its expansion and solidify its position as the country’s largest short-term rental management operator. The round was backed by Integra Partners, Cercano Management, and Intudo Ventures, with Cercano reaffirming its support after first investing in Kozystay’s seed round.
The fresh funding will be used to grow Kozystay’s managed portfolio to over 1,000 high-end apartments and villas, with profitability expected by the end of 2025. Expansion plans include deeper penetration in Jakarta, Bali, and Bandung, alongside entry into new cities such as Surabaya, Bogor, and Lombok.
This announcement lands strategically for Indonesia’s travel and real estate ecosystem. The country is experiencing a post-pandemic travel resurgence, coupled with surging domestic tourism, growing acceptance of remote work, and a shift towards flexible, experience-led accommodations.
“Indonesia is one of the most dynamic travel and property markets in the world,” said Patrick Yip, Founding Partner at Intudo. “Kozystay is uniquely positioned to capture these opportunities by transforming underutilised properties into world-class hospitality experiences”.
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Founded to bridge the gap between the consistency of hotels and the authenticity of alternative stays, Kozystay uses a tech-enabled model to manage and convert underused real estate into income-generating short-term rentals. The company collaborates with developers to launch aparthotels, offering operational efficiency while delivering a premium guest experience.
Indonesia’s market has an estimated 200,000+ underutilised apartments and an accelerating villa segment, areas that traditional hotel chains have largely overlooked. Kozystay’s asset-light approach allows rapid scaling with lower overhead, particularly within the extended-stay category, which is proving to be more resilient and profitable post-COVID-19.
The company has seen over seven times revenue growth in the last two years, signed developer partnerships, and integrated with platforms such as Homes & Villas by Marriott Bonvoy, allowing guests to earn loyalty points while booking Kozystay properties.
While Indonesia remains the company’s current focus, Kozystay’s blueprint hints at regional ambitions. Bali, one of the world’s largest short-term rental markets, is a valuable launchpad for broader Southeast Asian expansion.
Tommy Teo of Cercano Management highlighted Kozystay’s operational excellence and ambition to disrupt Indonesia’s extended-stay segment: “We are excited to continue backing the team on its path to becoming the largest tech-enabled short-term rental management company in the country”.
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Image Credit: Kozystay
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