Mumbai : Top industrialist Ratan Tata has invested an undisclosed amount in home rental company NestAway Technologies, a statement said. This is Tata’s eighth personal investment in a startup in 2016 so far. He has invested in over 20 startups.
NestAway turns unbranded, unfurnished houses into fully furnished and managed apartments and provides them at affordable prices to verified tenants, said the statement by IDG Ventures India, which is an investor in the company. So far, the startup has provided quality rental homes to about 5,000 tenants across six cities.
Founded in January 2015, NestAway has raised over $13 million in capital in two rounds from marquee investors, including IDG Ventures India, Tiger Global, Flipkart and entrepreneur Naveen Tewari.
