The Jakarta proptech that turns Indonesia's empty investment apartments into a booked-out, tech-run rental network.
Kozystay is a technology-enabled short-term rental management company, and as of 2025 the largest of its kind in Indonesia. It does not own the apartments and villas it rents out. Instead it runs them - pricing, bookings, cleaning, check-ins, guest messages and maintenance - on behalf of the people who do own them, and shares the profit.
The company was founded in Jakarta in 2019 by Dane Putranto and Frans Winarto. Its raw material is a distinctly Indonesian phenomenon: thousands of apartments bought as investments and then left empty. Cities like Jakarta and Surabaya are full of them - units that appreciate on paper while producing nothing month to month.
Kozystay's proposition to those owners is simple. Hand over the keys, keep the deed, and collect a share of what the unit earns as a professionally managed short-term stay. There is no long-term lease for Kozystay to guarantee, and no property left gathering dust for the owner.
On the guest side, the result is a growing supply of mid-market stays - nicer than a budget hotel, more private than one, and pitched at Indonesia's expanding class of domestic and regional travelers. The combined group has hosted more than 600,000 guests and collected over 20,000 positive reviews.
Technology sits underneath all of it - dynamic pricing that sets nightly rates, booking automation, and real-time analytics that let owners see how their asset is performing. But the people running the operation matter as much as the software: the team includes alumni of Marriott, The Langham and KLL.
We believe Kozystay can add value through efficiency and technology, bringing a new era of hospitality that blends innovation with service.
Owners of investment apartments and villas across Indonesia who want a professional operator - not a long lease. They get management, revenue optimization and transparent reporting on how each unit performs.
Guests booking premium short-term and extended stays in Jakarta, Bandung and Bali. Kozystay targets the mid-market gap: better than budget, more flexible than a five-star hotel.
The problem it solves cuts both ways. Owners of idle apartments lack the time, systems and hospitality know-how to run them as short-term rentals - so the units sit empty. Travelers, meanwhile, face a thin supply of well-run, mid-priced stays in a market still dominated by hotels.
Kozystay stands between the two. It converts unproductive real estate into hospitality inventory, absorbing the operational complexity - the 2am guest message, tonight's pricing decision, which unit to clean first - that keeps most owners from doing this themselves.
Kozystay's core bet is a gap. Indonesia's flexible-stay segment is barely penetrated compared with mature markets - and the segment is growing several times faster than traditional hotels.
Indonesia at 3% is the whitespace. The flexible-stay segment grows roughly 5x faster than traditional hotels globally.
Budget-hotel aggregators like OYO and RedDoorz modernize and rebrand existing hotels through franchise deals. Kozystay took the opportunity one layer to the side.
End-to-end management of apartments and villas: listing, dynamic pricing, bookings, housekeeping, check-in, guest communication and maintenance under a profit-sharing arrangement.
Turnkey management for owners of investment apartments in Jakarta, Bandung and beyond - turning idle units into revenue-generating short-term stays.
Premium villa management, strengthened by the BaliSuperHost acquisition, covering luxury holiday homes across Bali and resort destinations.
Revenue optimization, real-time performance analytics and transparent reporting so owners can see exactly how each asset performs.
Software that sets nightly rates across a mixed apartment-and-villa portfolio, plus booking automation to keep occupancy high.
A growing inventory of high-end apartments and villas for short-term and extended stays, run to consistent hospitality standards.
Dane Putranto and Frans Winarto launch Kozystay to manage underused investment apartments as short-term rentals.
The company turns profitable at the operating level while expanding across Jakarta and Bandung - unusual discipline for a growth-stage proptech.
Integra Partners leads a Series A round, joined by Intudo Ventures and Cercano Management, to accelerate growth.
Kozystay buys Bali's largest premium villa manager and its 400+ villas, forming Indonesia's largest short-term rental group with 1,000+ properties. Next stops: Bogor, Surabaya and Lombok.
Dane, Co-Founder & CEO, brings years of hospitality-market experience. Frans, Co-Founder, brings a private-equity background with experience in industry rollups - the pairing behind an operate-and-acquire strategy.
Led by Integra Partners, with Intudo Ventures and Cercano Management. Reported total funding figures vary by source - Crunchbase lists roughly $1.5M raised, while Integra cites over $10M to date.
Partnering with Kozystay allows us to amplify that mission - blending our trusted, hands-on villa expertise with Kozystay's technology-driven solutions.
Kozystay is a technology-enabled short-term rental management company that operates premium apartments and villas on behalf of owners - handling pricing, bookings, cleaning, check-ins, guest communication and maintenance - across Indonesia.
It is headquartered in Jakarta and currently operates in Jakarta, Bandung and Bali, with expansion planned into Bogor, Surabaya and Lombok.
It uses an asset-light, profit-sharing model: instead of signing long-term leases, Kozystay manages owners' units and shares a portion of the booking profits.
It was founded in 2019 by Dane Putranto (Co-Founder & CEO) and Frans Winarto (Co-Founder).
Rather than rebranding budget hotels through a franchise model, Kozystay converts underused premium apartments and villas into managed short-term stays and keeps full operational control.
Compiled from public sources including e27, Jakarta Globe, TechNode Global, DealStreetAsia, Integra Partners, Crunchbase and Kozystay. Funding totals differ across sources and are reported as such.