Ratan Tata-backed NestAway acquired by Aurum PropTech for Rs 90 crore
Summary
“After successfully scaling up HelloWorld’s operations within a year, Aurum PropTech has strategically acquired NestAway. The sector has attracted significant investment in recent years, and there has been a growing number of mergers and acquisitions. The company provides fully furnished homes on rent to young professionals and students in major Indian cities. Jitendra Jagadev, Founder of NestAway said “Over the years, we have grown and expanded, serving thousands of customers, becoming a trusted brand in the PropTech industry.NestAway has many milestones to achieve. Aurum PropTech has a passion for innovation and customer-centricity, making them the perfect partner to fuel our growth and help us realize our vision on an even larger scale.” Ashish Deora, Founder and CEO of Aurum Ventures said, "NestAways tech driven revolution in the rental housing market is in perfect accord with our mission to revolutionize the residential rental industry in India.” Also Read: After TCS, Infosys, and Wipro, Mphasis launches generative AI services