Launch in 2016, Hmlet operated in more than 93 locations across Singapore as, Hong Kong, Sydney and Tokyo as of October 2019. In July that year, it announced a US$40 million in Series B round, led by Burda with participation from Sequoia India and Mitsubishi Estate Co and Reinventure Group.
Previously, it has raised a US$6.5 million in Series A funding led by Sequoia India in November 2018, and prior to that a US$1.5 million seed in 2017.
In October 2019, Hmlet launched in Tokyo with joint-venture partner Mitsubishi Estate Co, its fourth market after Singapore, Hong Kong, and Sydney. Hmlet, together with its MEC, was planning to make a combined investment of US$25 million for the expansion over following three years.
Image Credit: Hmlet