Jul 23, 2015

Nestaway.com Online marketplace for Shared Accomodation raises $12mn



Bangalore-based Startup Nestaway.com that runs an online managed home rental marketplace for singles by the same name, has raised $12 million (Rs.76cr) in funding from Flipkart and its existing investor Tiger Global.

Nestaway Founders
Amarendra Sahu  [NIT Suratkal alumni ]
Jitendra Jagadev   [NIT Suratkal alumni ]
Smruti Parida       [NIT Suratkal alumni ]
Deepak Dhar.       [NIT Suratkal alumni ]

USP
Nestaway aims to turn 'for-rent' apartments into fully-furnished and managed houses that can be provided to pre-verified tenants.

Nestaway Business Model
Nestaway.com gets involved with property owner in tenant sourcing, rent collection, maintenance of the house and even manages tenant move-outs. It also offers free minor repairs and does not charge separate brokerage from the property owner.

Locations Offering services
Bangalore
Pune
Gurgaon

Targeted Customers
Singles
Working Professionals
Students

Funding Details
First Round - Rs. 8cr        [March 2015]
Second Round - Rs.76 cr  [July 2015]

Other Startups in this space
Nobroker.com


Tags: Nestaway, Nestaway Technologies Pvt. Ltd. , Inmobi, Flipkart Pvt. Ltd. , Tiger Global Management LLC ,

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