Episode description

How can home renovation become both more affordable and more environmentally friendly? In this episode of Open For Business, we spotlight a Malaysian startup that’s transforming surplus and overstocked building materials into savings for homeowners while cutting down on construction waste.

Founded in 2017, HOMA is now an 8-figure revenue business that runs an online marketplace that reintroduces “new but unsold” supplies back into the renovation ecosystem, helping customers save money and reducing unnecessary landfill waste. We delve into its founding story, uncover how the platform serves both suppliers and end users, and examine the importance of sustainability in its business model.

We also explore the venture’s growth trajectory, including a successful Pre-Series A fundraise of US$1.5 million that’s powering expansions beyond Malaysia. Plus, discover why the team wants to tap into an M&A first and an IPO later to grow the business in the longer term.

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