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NestAway Appoints Ex Amazon Executive Sandeep Daga as CFO

26Jul By Gauri SinghNo Comments

News

NestAway Appoints Ex Amazon Executive Sandeep Daga as CFO

NestAway, a home rental network has reportedly appointed former Amazon executive Sandeep Daga as the Chief Financial Officer of the company. Prior to NestAway, Daga was the Finance head for food and retail business in Amazon. He has been working with Amazon since October 2015. Apart from Amazon, he has also been at key positions in Reliance Retail, Lifestyle International, ITC Ltd and Larsen and Toubro. Daga has experience of over 22 years in consumer-facing business. "I am super excited to be part of NestAway, as it is well poised to leverage technology coupled with a customer-centric approach to solve the unstructured and unregulated rental housing market for the urban migrants. As NestAway continues to innovate and grow the home rental network, it is at the forefront to unlock huge ...

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...

Ratan Tata Invests in Home Rental Startup NestAway

28Feb By AnkitaNo Comments

FUNDING

Ratan Tata Invests in Home Rental Startup NestAway

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. Until recently, NestAway counted working professionals who are single 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 Jite...