Flipkart’s former head of operations, Sujeet Kumar, also participated in the investment round.
Earlier this year, in January, NestAway had raised an undisclosed round from Ratan Tata, Chairman Emeritus, Tata Group.
NestAway had previously raised more than $13 million in capital over two rounds from marquee investors including IDG Ventures India, Tiger Global, Flipkart, Naveen Tewari & Kanwaljit Singh, a statement from the company said on April 17.
NestAway manages a house-owner’s rental property throughout the rental life cycle starting from showing the house to the prospects, closing the rental agreement to collecting rent on the owner’s behalf and assisting the tenant and owner during move-out.
The company charges a small percentage of monthly rent it generates from the house as commission; NestAway does not charge any brokerage or upfront fees to either the owner or the tenant.
Source: Business Line