Home > Cities > Hyderabad > Tata-upheld home rental startup NestAway hopes to raise $50 million

Tata-upheld home rental startup NestAway hopes to raise $50 million

April 8, 2016 | By

Ratan Tata-upheld Bengaluru-based rental organization NestAway that has seen speculations of up to $14 million, is currently looking at an extra subsidizing of $50 million in the following three to four months, Amarendra Sahu, fellow benefactor and CEO, Nestaway, said.

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Sahu called attention to that the crisp supports will be put resources into innovation and building mark. NestAway had raised $1.25 million from IDG Ventures and heavenly attendants including InMobi originator Naveen Tewari. From there on NestAway brought $12 million up in Series-A financing from Tiger Global and Flipkart. As of late, Ratan Tata has likewise put an undisclosed sum in the startup.

The startup, which has more than 10,000 occupants and more than 2,300 house proprietors recorded on its stage, is available in Bengaluru, Hyderabad, Pune and NCR. This year, it likewise plans to enter Chennai and Mumbai. “Before the end of 2016, we are wanting to have more than 1 lakh inhabitants and 50,000 house proprietors on our stage,” Sahu included.

This separated, the startup, that has been obliging individual necessities, has now propelled ‘Family Rentals’ alternative over every one of its areas.

As indicated by the organization, it turns unbranded, empty houses into completely outfitted and oversaw condo and gives them at moderate costs to checked occupants.

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