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Bangalore-based online home rentals startup NestAway has raised $12 Mn in a funding round led by Flipkart and Tiger Global. The funds will be used in expansion plans in order to cover more cities and improvise on the technological front as well.

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Founded this in January by Jitendra Jagadev, Amarendra Sahu, Smruti Parida and Deepak Dhar, NestAway 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.

Amarendra, is also the co-founder of television technology startup BrizzTV alongside Jitendra. A farmer’s son and first engineer from his village Kantio in Orissa, Amarendra decided to launch NestAway when his sister couldn’t find a rented home in Bangalore.

In this space, NoBroker, a peer-to-peer property listing startup, had raised $3 Mn round of Series A funding led by SAIF Partners and Fulcrum Ventures for expansion of its services.


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