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NestAway raises $12M from Tiger Global & Flipkart: Report

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 others. Furnished flats with maintenance services: Apparently, NestAway provides furniture like beds and mattresses along with a side table, pillow and bed cover, which it claims to change every week along with a monthly fittings and electric check up. Other than this, the company offers a sofa, dining table, DTH TV, WiFi, fridge, washing machine, induction cooktop and utensils. Users can chat with the company in case they require services like changing a bulb or their geysers don’t work, which they claim to service in 4 hours. They can also use the app to get food delivered, book a taxi or rent a book. Houses are damage insured for up…

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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.

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