Total amount raised
$109.1 Million
Latest funding date
09/01/2019
Location
NestAway has successfully raised significant funding over multiple rounds, establishing itself as a notable player in the rental housing market. The platform offers a variety of rental options, including flats, houses, and rooms, all without the need for broker fees.
Keep reading to explore the intricacies of NestAway's fundraising journey and the investors backing this innovative platform.
What Is NestAway?
NestAway operates in the real estate industry, specifically focusing on rental housing solutions. The company offers a variety of rental accommodations, including flats, houses, and rooms, available both furnished and unfurnished.
Founded to simplify the rental process, NestAway eliminates the need for brokers, providing a direct-to-consumer model. This approach ensures affordability, with prices comparable to paying guest accommodations.
How Much Funding Has NestAway Raised?
- Round Name: Seed Round
- Amount Raised: $1.2M
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial platform.
- Round Name: Series B
- Amount Raised: $12M
- Date: July 2015
- Lead Investors: Flipkart, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform and increase market reach.
- Round Name: Series C
- Amount Raised: $30M
- Date: April 2016
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Round Name: Series D
- Amount Raised: $51M
- Date: March 2018
- Lead Investors: Goldman Sachs, UC-RNT Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and improve service offerings.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2018
- Lead Investors: Epiq Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2018
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for expansion and innovation.
- Round Name: Series D
- Amount Raised: $10M
- Date: May 2019
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and enhancing customer experience.
- Round Name: Series D
- Amount Raised: ₹349.2M
- Date: September 2019
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support long-term growth.
Total Amount Raised: $104.2M
Current Valuation: Not publicly disclosed
Key Investors
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to corporations, financial institutions, governments, and individuals.
- Investment Focus Areas: Technology, real estate, healthcare, financial services, consumer products
- Notable Investments: Uber, Spotify, WeWork
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They manage a series of hedge and private equity funds.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Flipkart
- Details: Flipkart is one of India's leading e-commerce companies, offering a wide range of products including electronics, fashion, and groceries. It was acquired by Walmart in 2018.
- Investment Focus Areas: E-commerce, technology, logistics
- Notable Investments: Myntra, PhonePe, Ekart
- UC-RNT Fund
- Details: UC-RNT Fund is a joint venture between the University of California and Ratan Tata's RNT Associates. The fund focuses on investing in innovative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- InnoVen Capital
- Details: InnoVen Capital is Asia's leading venture lending firm, providing debt capital to high-growth, venture-backed startups. They operate in India, China, and Southeast Asia.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Swiggy, Byju's, OYO Rooms
What's Next for NestAway?
With a recent infusion of Rs 34.92 crore from Goldman Sachs, NestAway is poised to capitalize on significant growth opportunities. This funding will enable the company to scale its operations, enhance its technology platform, and potentially enter new markets, thereby increasing its market share and revenue.
Future fundraising prospects look promising, especially with the backing of a major investor like Goldman Sachs. This could attract additional venture capital and institutional investors, further fueling NestAway's expansion. However, the company may face challenges such as regulatory hurdles and market competition, which will require continuous innovation and strategic planning to overcome.
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