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Nestaway

Nestaway

NestAway is an Indian e-commerce online home rental network for shared accommodation, specifically catering to the long-term accommodation needs of young urban professionals. It claims to be the largest of its type. [1] It is a startup managing home rentals, and has expanded by offering rental services. [2] The company acts as an intermediary between house owners and tenants, transforming unfurnished houses into fully furnished and maintained homes and apartments to rent them to pre-verified tenants. It has attained a position as "managed home rental" marketplace serving singles in major Indian metro cities. [3]

NestAway Technologies Pvt Ltd.
TypeE-commerce, Real Estate
Founded2015
HeadquartersBangalore, India
Key peopleAmarendra Sahu, CEO Jitendra Jagadev, COO Smruti Parida, CTO Deepak Dhar, CBO
IndustryReal Estate, Internet
ServicesE-commerce
Employees400+
Websitenestaway.com
Type of siteReal Estate Rental
Available inEnglish
LaunchedJanuary 2015; 1 year ago(2015-01)

History

NestAway was founded by four Computer Science graduates Jitendra Jagadev, Amarendra Sahu, [4] Deepak Dhar and Smruti Parida from National Institute of Technology Karnataka in 2015. [5] They had started with 6 homes, 20 tenants and 6 employees with a small office at Indiranagar Bangalore. The company now employs more than 400 people, and is headquartered at Bangalore.

Finance

  • Nestaway raised $1.2 million in seed round of funding from investors InMobi's Naveen Tewari and IDG Ventures India on March 16, 2015 [6]

  • $12 million in Series B funding from investors Flipkart and Tiger Global Management on July 21, 2015 [7].

  • NestAway raised their Series C funding of $30 million led by Tiger Global Management. IDG Ventures Indian and DST Global additionally participated in this round. [8]

  • Tata Sons Chairman Emeritus Ratan Tata has additionally invested an undisclosed amount in NestAway. [9]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Jul 5, 2016, 3:11 AM
[2]
Citation Linkgadgets.ndtv.com"Seven Startups That'll Help You Find a House, Without a Broker"
Jul 5, 2016, 3:11 AM
[3]
Citation Linkthehindubusinessline.com"Nestaway expands managed home rental services, to enter Mumbai, Chennai"
Jul 5, 2016, 3:11 AM
[4]
Citation Linkeconomictimes.indiatimes.com"How young startup NestAway is creating marketplace for shared home rentals"
Jul 5, 2016, 3:11 AM
[5]
Citation Linktimesofindia.indiatimes.com"'My aim is to make Bengaluru more welcoming for the youth'"
Jul 5, 2016, 3:11 AM
[6]
Citation Linkbusiness-standard.com"NestAway: A nest away from home-Business Standard News"
Jul 5, 2016, 3:11 AM
[7]
Citation Linkarticles.economictimes.indiatimes.com"Nestaway raises funding"
Jul 5, 2016, 3:11 AM
[8]
Citation Linkvccircle.com"Nestaway raises 13M"
Jul 5, 2016, 3:11 AM
[9]
Citation Linklivemint.com"NestAway Technologies looks to raise $30-50 million"
Jul 5, 2016, 3:11 AM
[10]
Citation Linkbusiness-standard.com"Ratan Tata invests in home rental start-up NestAway"
Jul 5, 2016, 3:11 AM