Home rental startup NestAway raises ₹34.92 cr in Series D round from Goldman Sachs

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NestAway Technologies, a home rental startup, has secured ₹34.92 crore as part of its ongoing Series D round from Goldman Sachs. While, the round also witnessed IDG India and Tiger Global as participants.

According to sources, around 13,882 Series D1 CCPS shares were issues at a premium of ₹25,151.87 per share to Goldman Sachs Asia Strategic Pte Ltd.

NestAway was founded by Deepak Dhar, Jitendra Jagadev, Amarendra Sahu and Smruti Parida in 2015. The platform provides affordable rental solutions to individuals.

The home rental startup enables customers to find, book, and move-in to a rental home in their budget, in a hassle-free manner, using its platform. It is operational across twelve Indian cities including, Bengaluru, Delhi, and Noida.

The company also announced the launch of its incubation programme ‘NestAwayStartup Lab,’ in February 2019.

As a part of this launch, the company partnered with startup accelerator, Excubator for the six-month incubation programme.

On the other hand, in March 2018, it raised around $51 million (approx ₹330 crore) in Series D financing from global investment bank Goldman Sachs, UC-RNT Fund and others.

Other home rental startups competing with NestAway include New Delhi-based Stanza Living, Gurugram-based ZiffyHomes, Bengaluru-based NoBroker, CoLive, StayAbode, QuikrHomes, Zocalo, and CoHo Stayz, among many others.

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