Mr Ratan Tata, Chairman Emeritus of Tata Sons and Senior Advisor to IDG Ventures India, has invested an undisclosed amount in his personal capacity into NestAway Technologies Pvt Ltd, a leader in the ‘managed’ home rentals market in India.
NestAway is India’s first “home rental network”. It seeks to manage all the rental pains on both homeowner and tenant sides. NestAway essentially turns unbranded, unfurnished houses into fully furnished & managed apartments and provides them at affordable prices to verified tenants. So far, the startup has provided quality rental homes to about 5,000 tenants across 6 cities. Until recently, NestAway counted Single working professionals among its target audience; but now it has also forayed into the Family segment.
NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in January 2015.
NestAway’s mission to fix the rental housing market by inspiring trust between owners & tenants raised a notch up through collaboration with Mr Tata – the name that always has & continues to define the word “trust” for millions of Indians. It’s a privilege to work on such an impactful problem with Mr Tata with his visionary guidance & mentoring”, says Amarendra Sahu, Co-founder & CEO of NestAway.