One of the most active angel investor of the Indian startup ecosystem, Tata Sons’ chairman emeritus – Ratan Tata has invested an undisclosed amount in Nestaway Technologies Pvt Ltd.
Bangalore-based NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev in January 2015. It is an online marketplace for home rentals that turns unfurnished houses into fully-furnished and managed apartments and provides them at affordable prices to pre-verified tenants. Additionally the company also provides better rental solutions for singles in the cities.
NestAway had raised $12 Mn in a funding round led by Flipkart and Tiger Global in July 2015 and prior to that, it had raised over $1 Mn (INR 8 Cr.) in March 2015 from InMobi founder Naveen Tewari and venture capital firm IDG Ventures.
This is Tata’s eighth investment in a startup in 2016. A few of his recent investments includes Tracxn, DogSpot, Snapbizz, Invictus Oncology among others.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.
