Tiger Global Management-backed home rental platform NestAway started out about five years ago with managed rentals for working singles across India’s major metros. Today, the Bengaluru-based startup has evolved into a one-stop-shop for tenants and homeowners with more than 25,000 homes listed on the platform.
The startup raised $10 million (Rs 71 crore) from existing investors Tiger Global and Chiratae Ventures (formerly IDG Ventures India) in May this year and is among the better-funded players in the online property search and listings market. On the family home rentals front, it competes with General Atlantic-backed NoBroker, which recently raised a Series C funding round, and with SoftBank-backed OYO in the co-living segment.
In an interview with TechCircle, co-founder Deepak Dhar, who was also part of the founding team at Mumbai-based payments startup Citrus Pay (acquired by PayU), spoke about the co-living market, NestAway’s differentiated business model, funding, and a proposed foray into the lucrative asset-management business.