Amid Cofounder Exit, NestAway Raises $5 Mn From Goldman Sachs

▤ Summary

NestAway was founded in January 2015 by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev. The company is an online marketplace for home rentals that turns unfurnished houses into fully-furnished and managed apartments and rents them to pre-verified tenants. In July, one of the cofounders of NestAway, Deepak Dhar, left the company to set up a new fintech venture. However, at present, the absconded founders of Homigo with an alleged fraud of about INR 20 Cr have raised concerns around trust in the coliving sector. By 2022, India’s co-living industry is expected to be 20 times bigger than it was in 2018 with the shared-living market valued at $120 Mn (INR 845 Cr), as per RedSeer Consulting.

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