Comments
Top industrialist Ratan Tata has invested an undisclosed amount in home rental company NestAway Technologies.
This is Tata’s eighth personal investment in a start-up in 2016 so far. He has invested in over 20 start-ups.
NestAway turns unbranded, unfurnished houses into fully furnished and managed apartments and provides them at affordable prices to verified tenants, said a statement by IDG Ventures India, which is an investor in the company.
So far, the start-up has provided quality rental homes to about 5,000 tenants across six cities.
Until recently, NestAway counted working professionals who are single among its target audience, but now it has also forayed into the family segment.
NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev in January 2015.
The company has raised over $13 million in two rounds from marquee investors, including IDG Ventures India, Tiger Global, Flipkart and entrepreneur Naveen Tewari.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.