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Flipkart & Tiger Global Invest $12 Mn In Online Home Rentals Startup NestAway

Flipkart & Tiger Global Invest $12 Mn In Online Home Rentals Startup NestAway

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.

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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Vishal Singh

Inc42 Staff

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.
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