Nestaway, a Bangalore based online home rentals startup, which was previously a platform for shared accommodation for singles, has raised $12 million from Tiger Global and Flipkart, reports ET. The home rental marketplace will use the funds for geographical expansion and improving its technology platform. In March this year, Nestaway had raised $1.25 million from IDG Ventures and angels including InMobi founder Naveen Tewari. At that time, the company said that it would use the funding to launch operations in Pune and the NCR region. Note that the company currently operates only in Bangalore, while it displays Pune and Gurgaon as “coming soon” on its website. 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…
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