Nestaway co-founder Smruti Parida steps down from role as CTO

Smruti Parida of Nestaway, a home rental startup, has stepped down from his role as co-founder and CTO (Chief Technology Officer) of the company, cited Yourstory.

Smruti Parida reveals the big decision through his LinkedIn profile page, where she wrote:

“A co-living city on cloud with a single theme of creating a community of bachelors who are responsible and caring was a bold idea. Still we went ahead to find out if such a possibility exists or not. During the journey, my beliefs and convictions as an engineer, leader, mentor, and friend took shape through the opportunities and challenges. I am here today to tell you that my journey as the CTO of NestAway comes to an end now, though I will continue to be a well-wisher and a cheerleader for NestAway from the side-lines.”



NestAway was founded by Deepak DharJitendra 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.

Parida said, “I will be waiting to discover my next mojo in life and you may see me trying something new in coming days. So keep looking around for the guy distributing pamphlets and read one from him, click on the next Instagram survey you see in your feed or read the spam email. It could be me.”

“Till that happens, I am happy to answer any question from my learnings over email and Whatsapp. If you are an entrepreneur stuck at a technology, product and growth dilemma and need help, drop me a note,“ added Parida.

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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