Mumbai: top industrialist Ratan Tata has invested an undisclosed amount in home rental agency NestAwaytechnologies, in line with a declaration.
that is Mr Tata’s eighth private funding in a start-up in 2016 thus far. He has invested in over 20 start-ups.
NestAway turns unbranded, unfurnished homes into completely supplied and managed flats and givesthem at inexpensive fees to verified tenants, stated the announcement by way of IDG Ventures India,which is an investor in the organization.
to this point, the begin-up has furnished great condo houses to approximately five,000 tenantsthroughout six cities.
until lately, NestAway counted running professionals who’re unmarried among its target audience,however now it has also forayed into the family section.
NestAway changed into founded by way of Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev in January 2015.
The organisation has raised over $13 million in capital in two rounds from marquee traders, such as IDG Ventures India, Tiger worldwide, Flipkart and entrepreneur Naveen Tewari.
story first posted on: February 28, 2016 12:46 (IST)
Tags: Ratan Tata, Ratan Tata investment, begin-up, begin-up growth, NestAway, Tiger international, Flipkart