Russian billionaire Yuri Milner-backed fund Apoletto Asia, Flipkart official Sujeet Kumar and IDG Ventures also participated in this round.
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 rental solutions for singles in the cities.
Nestaway rents homes to over 10,000 tenants across Bangalore, Delhi NCR, Pune, and Hyderabad. The startup is planning to expand to Mumbai and Chennai soon.
Earlier in February 2016, Ratan Tata invested an undisclosed amount in Nestaway Technologies Pvt Ltd.