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Funding roundup: Nestaway, The Better India and GolfLAN

nestaway (1)

Nestaway raises $1.25 million

Shared accommodation for singles platform Nestaway has raised $1.25 million from IDG Ventures and angels including InMobi founder Naveen Tewari, reports ET. The funding will be used to launch operations in NCR region and Pune. Based in Bangalore, Nestaway lets users find housing rentals and house owners rent their properties on the platform. It also provides services like house cleaning, plumbing and relocation services (only from one Nestaway house to another) among others. Founded by Amarendra Sahu, Jitendra Jagadev, Smruti Parida and Deepak Dhar, the two month old startup aims to address the issues faced by young people or students who move cities for jobs/education and are generally not welcome by house owners to rent. Sahu and Jagdev previously founded television technology startup BrizzTV.


The Better India raises $160,000 from angels

Bangalore-based social issues news website The Better India has raised $160,000 funding from members of angel network Intellecap Impact Investment Network including Raveen Sastry, co-founder of Myntra, and Sohil Shah, reports TechCircle. The funds will go towards scaling traffic and possibly creating a long-term partnership with a “large” media or publication house. The report mentions that Intellicap will own an equity stake in the company in lieu of its fees. The company claims to have over 500,000 visitors monthly and has over 100 contributing writers across India. It was founded by Dhimant Parekh and Anuradha Kedia in 2008.

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Subscription-based golfing slot booking platform GolfLAN raises undisclosed seed funding

GolfLAN has raised an undisclosed amount of seed funding from YourNest Angel Fund, reports TechCircle. The company runs a subscription based service which allows golfers to golf globally without club memberships. The funding will go towards building technology, geographical expansion and marketing. The report adds that the company is looking to hire a CTO to scale its web presence. The tee-time booking service, however, was launched last month. The company claims the subscription fee to be between Rs 11,000 and Rs 3.5 lakhs. It also claims to buy tee-time slots from golf courses in bulk to sell individual packages to its members. Delhi based GolfLAN was founded by Dhruv Verma in 2013.

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



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