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Ratan Tata invests in home rental start-up NestAway

This is Tata's eighth personal investment in a start-up in 2016 so far

Press Trust of India  |  Mumbai 

Ratan Tata
Ratan Tata

Top industrialist has invested an undisclosed amount in company Technologies, a statement said.

This is Tata's eighth personal investment in a in 2016 so far. He has invested in over 20 start-ups.

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 has provided quality rental homes to about 5,000 tenants across six cities.

Until recently, 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 Jitendra Jagadev in January 2015.

The company has raised over $13 million in capital in two rounds from marquee investors, including IDG Ventures India, Tiger Global, Flipkart and entrepreneur Naveen Tewari.

First Published: Sun, February 28 2016. 10:22 IST