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Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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<ul><li>Proptech firm <a href="https://goro.id/" target="_blank" rel="noopener">Goro</a> is betting on <a href="https://holbornpropertyinvestments.com/mortgage-property/understanding-fractional-property-investments/" target="_blank" rel="noopener">fractional property investments</a> in Indonesia. With its namesake being derived from the Indonesian term Gotong Royong or mutual cooperation, its platform allows users to purchase a fraction of a property starting from US$0.7.</li><li>Returns come in the form of monthly paid-out rental income and capital gains when the property is sold.</li><li>Since launching earlier this year, Goro said its user base has grown 15% per week. The company added that its current portfolio, which is picked by professional property managers, is generating 11% <a href="https://www.mortgagechoice.com.au/guides/property-investment/what-is-rental-yield/#:~:text=Calculate%20net%20rental%20yield&amp;text=Sum%20up%20the%20annual%20rent,Multiply%20by%20100" target="_blank" rel="noopener">net annualized rental yield</a> for its users.</li></ul>

Proptech firm Goro is betting on fractional property investments in Indonesia. With its namesake being derived from the Indonesian term Gotong Royong or mutual cooperation, its platform allows users to purchase a fraction of a property starting from US$0.7.Returns come in the form of monthly paid-out rental income and capital gains when the property is sold.Since launching earlier this year, Goro said its user base has grown 15% per week. The company added that its current portfolio, which is picked by professional property managers, is generating 11% net annualized rental yield for its users.

Iterative Leads ID Proptech Firm Goro’s $1m Round

Indonesia

PT Teknologi Gotong Royong, doing business as GORO, operates as a real estate technology company. The Company provides property marketplace platform that allows users to own a portion of a properties, as well as enables monthly rental yield and capital appreciation when the property is sold. GORO serves customers in Indonesia.

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GORO (2297844D IJ)

Iterative Leads ID Proptech Firm Goro’s $1m Round

Proptech firm Goro is betting on fractional property investments in Indonesia. With its namesake being derived from the Indonesian term Gotong...

Tech in Asia

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