Manila-based FlySpaces buys HK-based rival Quickspaces
Manila-based tech start-up FlySpaces, one of Southeast Asia’s biggest flexible office space marketplace operators, has expanded its regional footprint with a deal to acquire Quickspaces, a local competitor in Hong Kong.
While Singapore and Jakarta corners much of the spotlight when it comes to startup success stories, FlySpaces attests to the viability of Manila as a location where startups can grow and thrive.
The acquisition of Quickspaces marks FlySpaces’ second acquisition since its inception three years ago. It acquired Malaysia’s 8Spaces in 2016.
Quikspaces has achieved market dominance as an online booking platform for flexible office spaces after three years of operation. It currently has more than 1,200 listings on its platform. The founders and their team will join FlySpaces and its Hong Kong operations.