NestAway raises $51 mn in series D financing
1 March 2018 10:55 PM IST
Bengaluru: Home rental network NestAway Technologies Pvt. Ltd. on Thursday said it has raised $51 million (Rs 330 crore) in series D financing from Goldman Sachs and others.
Along with Goldman Sachs, a global investment bank, UC-RNT Fund, a joint venture between Tata Son's chairman emeritus Ratan Tata's RNT Associates and the University of California and Schroder Adveq, were part of this round that also saw participation from its existing investor IDG India and Tiger Global, a company release said.
"With this funding, we shall strive harder to impact not only where people live but also how they live and shall work on community housing and student housing in addition to our existing categories," NestAway Technologies Co-Founder & CEO Amarendra Sahu said.
Founded in 2015, NestAway, claims to be the market leader of "furnished shared rental," a rental solution it pioneered, that caters to individuals looking for affordable rental housing in the top 10 cities in India. The company, through the acquisition of Zenify in May 2017, has also recently entered the family rental solution business.
The company said that under its business model, NestAway is a one-stop service provider for tenants and house owners where neither has to pay any brokerage fee.
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