NestAway is the latest real estate startup in India to announce funding. The site, which focuses on furnished homes in cities, has raised a $30 million Series C led by Tiger Global, with participation from Yuri Milner (founder of DST Global), IDG Ventures India, and Sujeet Kumar.
This brings NestAway’s total funding so far to about $43.2 million. NestAway’s niche, is helping young professionals, many living on their own, rent apartments in desirable locations. Then it provides them with a host of services through its app, including moving, rental payments, and basic repairs.
Founded by NIT Suratkal alumni Amarendra Sahu, Jitendra Jagadev, Smruti Parida and Deepak Dhar, NestAway has built a managed home rental marketplace. It uses technology to provide better rental solutions to singles in the cities. For instance, it turns unfurnished houses into fully-furnished and managed apartments and provides them at affordable prices to pre-verified tenants.