# Nestaway Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nestaway-technologies-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.nestaway.com
- Total disclosed funding: $113M
- Latest round: Series D (Sep 12, 2019)
- Investors on record: 7

## About

Nestaway Technologies Pvt. Ltd. is a property management platform in India, simplifying home rental experiences for tenants and landlords through comprehensive services and a user-friendly digital interface.Nestaway Technologies Pvt. Ltd. is a property management company that was founded in 2015 in Bangalore, India. The company provides services for renting homes, including furnished and unfurnished apartments, villas, and shared accommodations. The founders include Amarendra Sahu, Deepak Dhar, and Jitendra Jagadev, with Amarendra Sahu and Jitendra Jagadev serving as the current CEOs. In June 2023, Aurum PropTech Limited fully acquired Nestaway Technologies Pvt. Ltd. for INR 900 million, enabling the company to accelerate its growth. The firm has completed a total of 12 deals, with the most recent deal occurring on June 2, 2023, and has raised a total of INR 900 million through its latest funding round, a Trade Sale.Nestaway is a prominent home rental and property management platform in India, offering a comprehensive suite of services aimed at simplifying the rental process for both tenants and property owners. The company provides a user-friendly interface for finding, renting, buying, and selling homes, which includes a variety of living spaces such as furnished and unfurnished apartments, villas, and shared accommodations. Their services extend beyond just property listings, offering move-in support, maintenance services, online rent payment options, and move-out assistance. Nestaway primarily caters to young professionals, families, and students across major cities, including Bangalore, Delhi, Mumbai, Pune, and Gurgaon.In 2023, Nestaway reported a revenue of INR 4,041,612 and an EBITDA of INR 10,637,749. The company generates revenue through a structured model that typically includes property listing fees, service charges, and commissions from both landlords and tenants, which may involve subscription-based pricing models for premium services or one-time fees for specific transactions.With its recent acquisition by Aurum PropTech Limited, Nestaway Technologies Pvt. Ltd. aims to expand its service offerings and geographic reach. The company plans to enhance its platform with new features that simplify the rental process and improve user engagement, although specific product launches and timelines have yet to be disclosed. This strategic move, supported by the recent funding of INR 900 million, is expected to bolster its expansion efforts into additional metropolitan areas and enhance its existing services, ensuring a competitive edge in the rapidly evolving property management landscape.

## Funding rounds

- Series D, Sep 12, 2019, $4.9M — Chiratae Ventures, Tiger Global Management, Goldman Sachs Asset Management
- Series D, Jun 26, 2019, $5.1M — RNT Associates
- Series D, May 14, 2019, $9.9M — Chiratae Ventures, Tiger Management Advisors
- Series D, Dec 29, 2017, $52M — Chiratae Ventures, Tiger Global Management, Goldman Sachs Asset Management, RNT Associates
- Series C, Apr 11, 2016, $27M — Chiratae Ventures, Tiger Global Management, Vistra ITCL
- Series B, Jun 29, 2015, $13M — Tiger Global Management, Flipkart Internet Private Limited, Vistra ITCL
- Series A, Feb 23, 2015, $1.3M — Chiratae Ventures

## Investors

- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A, Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C, Series D
- Flipkart Internet Private Limited — Series B
- Vistra ITCL — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- RNT Associates (https://capitalatlas.ai/funds/rnt-associates) — Series D
- Tiger Management Advisors — Series D