(Reuters) – Asian rental housing provider Dash Living said on Tuesday that Rava Partners, a unit of global equity firm Hillhouse Investment, had invested up to $150 million in the company, taking a majority stake.
Dash Living did not disclose how much stake Rava, which invests in real assets and physical infrastructure, will get or the company’s valuations after the investment.
Dash Living, founded in 2014, is a Hong Kong-based provider of rental housing solutions, managing over 2,000 rooms across key cities such as Hong Kong, Singapore and Tokyo.
It had previously raised $8.8 million in March 2021, according to the data platform Tracxn.
The latest investment will help Dash Living expand their services and also in the Asia-pacific region, including Japan, the company said.
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Savio D’Souza)
