7-8 July, 2021 7/7/2021 12:00:00 AM 7/8/2021 12:00:00 AM Europe/London


The leading industry news resource; industry awards and international b2b conference and exhibitions for the sector Tobacco Dock, Tobacco Quay, Wapping Lane, London, E1W 2SF International Hospitality Media info@internationalhospitality.media
Tobacco Dock, Tobacco Quay, Wapping Lane, London, E1W 2SF Tobacco Dock, London

Hmlet CEO Kamalski steps down

George Sell Uploaded 29 March 2021: Singapore: Coliving operator Hmlet has confirmed that its CEO and co-founder Yoan Kamalski has stepped down after five years at the helm.

Peter Kennedy, a senior advisor at Burda Principal Investments, has filled in since March 15 as interim CEO to "provide strategic guidance and direction".

The company has also recently witnessed the departure of its chief technology officer (CTO) and chief financial officer (CFO).

CTO Pramodh Rai recently resigned after spending about 1.5 years building up the co-living startup's tech infrastructure, and will leave Hmlet in June. He will continue to play an advisory role in the startup.

CFO Rajive Keshup left the firm in October last year. Joseph Thia, an investment manager at Burda Principal Investments, was seconded to Hmlet to fill the role of interim CFO. Thia will end his six-month secondment in May 2021.

In 2019, Burda Principal Investments led Hmlet's US$40 million Series B funding round, with participation from existing investors such as Sequoia Capital India. That latest round valued Hmlet at around US$154.4 million, according to data platform VentureCap Insights.

View all Articles

“Having hosted numerous events within co-working, co-living, hostels, BTR, hotels and serviced apartment venues over the last few years, attendees are already witnessing the convergence of urban hospitality and real estate first-hand - it makes sense to bring everybody together for this unique experience of doing business.”

Piers Brown, CEO International Hospitality Media

Subscribe and keep up-to-date