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2Mar By kriti singhNo Comments

FUNDING

Nestaway Raises $51 Million Funding From Ratan Tata & Others

NestAway Technologies Pvt. Ltd. also known as NestAway announced that it had raised USD 51 million (Rs. 330 Crores) in series D round. The funding was raised from UC-RNT Fund (a joint venture between Tata Son's chairman emeritus Ratan Tata's RNT Associates and the University of California), Schroder Adveq, Goldman Sachs and the HK . Earlier Ratan Tata was also invested in the Nestaway as an angel investor. This round also saw participation from its existing investor IDG India and Tiger Global. Co-founder and CEO, NestAway Technologies, Amarendra Sahu said, "Our vision is to create accessible living using imagination and empathy and we have been humbled by the market acceptance of our shared as well as family rental solution. With this funding, we shall strive harder to impact n...

Home Rental Startup Fastfox Raises Rs 10 crore From Lightspeed Ventures And Others

22Feb By Sabhyata AgarwalNo Comments

FUNDING

Home Rental Startup Fastfox Raises Rs 10 crore From Lightspeed Ventures And Others

A home rental technology company FastFox has raised Rs 10 crore in Series A1 round led by Lightspeed, Blume Ventures and others. One of the co-founders of the startup Pallav Pandey also contributed Rs 1.93 crore in the current round. Founded by Pallav Pandey and Mukul Bhati in November 2014, the online-to-offline firm raised Rs 30 crore form Lightspeed India Partners, Blume Ventures, CyberAgent Ventures, GrowX Ventures, and IMJ Investment Partners in its Series A financing in April 2016. In 2015, it raised Rs 6 crore alone from Lightspeed Ventures as part of its seed funding. The startup which claims to have more than 2500 flats that are available for rent in Gurugram works by forming a partnership with offline brokers to list residential properties online for rental purposes. ...

Home Rental Startup ZiffyHomes Acquires FellaHomes

15Feb By PriyankaNo Comments

ACQUISITION

Home Rental Startup ZiffyHomes Acquires FellaHomes

Delhi based home rental solution provider ZiffyHomes, operated by Ziffy Technologies Pvt. Ltd, has acquired FellaHomes for an all-cash and equity deal. However, the amount has not yet been disclosed. Ziffy said in a statement that the acquisition was in line with its expansion strategy. After this acquisition, it would now become one of the largest aggregators of exclusive rental properties in Delhi-NCR. “Both Fella and Ziffy have been trying to solve the same problem in the same market while working with same partners, vendors, and customers in the ecosystem. So, we realised that our common mission can be faster accomplished if we join hands and combine our strengths,” said Digendra Singh Rathore, CEO & Co-Founder at FellaHomes. After this acquisition, the founder of FellaHom...

Housing.com Re-enter Into Rental Business

18Apr By PriyankaNo Comments

News

Housing.com Re-enter Into Rental Business

Realty portal Housing.com, which has recently merged with PropTiger.com, has re-entered into rent business and targets to list 2 lakh homes in the next three months. Housing.com, which was founded in 2012, initially focused on providing independently verified listings of homes to address the issue of finding homes for rent in metros and major cities. However, the company had in November 2015 decided to restructure its business to focus only on buying and selling of apartments. "... The reintroduction of rentals is a crucial step for the brand which was a leading player in the segment," Housing.com said in a statement. With the relaunch, the portal has over 60,000 verified units listed to be rented with the number expected to exceed 2,00,000 in three months. Housing.com, part...

Brigade Group Signs MoU With Rental Solutions Provider NestAway

26Sep By AdityaNo Comments

BUSINESS

Brigade Group Signs MoU With Rental Solutions Provider NestAway

Leading real estate player Brigade Group signed a Memorandum of Understanding (MoU) with NestAway, a premier rental solutions provider today to become the first builder in India to address the commonly-faced rental concerns of its customers on exclusive basis. Through this collaboration, Brigade Group will offer comprehensive rental assistance to all of its existing customers as well as over 10,000 apartments in different stages of construction that are currently in the process of being readied for handover, across our projects. Brigade customers will now be able to avail of a rental default guarantee that assures them timely rent. NestAway is India's largest 'managed home rental marketplace' backed by stalwarts in the industry such as the legendary Mr. Ratan Tata, Tiger Global, DST ...

16Apr By AnkitaNo Comments

FUNDING

NestAway Raises $30-million Funding From Tiger Global

As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016. Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of the monthly rent it generates from the property owners in exchange for offering maintenance and upkeep. There is no brokerage that either the tenant or the owner has to pay in this model. Tiger Global, IDG Ventures, Flipkart and Ratan Tata among NestAway investors lists. NestAway working across Bengaluru, Delhi NCR, Pune and Hyderabad with plans to expand into Mumbai and Chennai. Tiger Global Investment in 2016- In 2016, Tige Global also con...