NestAway online RealEstate Firm to Raise Funds

NestAway Technologies the online real estate portal backed by Tiger Global is in talks & process to raise funds, and participation can be seen from the initial investors including E-commerce giant Flipkart & ventua capital firm IDG Ventures. 

The online portal NestAway which primarily deals with shared & Furnished accomodation thorugh its online portal system, will be closing the account books with Rs 250 crore in gross rentals & five fold growth in customer base said co-founder Amarender Sahu.

The company deals in ready-to-move-in homes services & commission charges are 12.5% on rent. It also offers services like owners insurance & services like repairs. last year, the company initiated maid & cook services, which didn't pay any dividend.

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