NestAway Acquires ApnaComplex To Bring End-To-End Smart Housing Facilities
Summary
Talking to Inc42, Amarendra Sahu, cofounder, and CEO, Nestaway said that the deal is a combination of cash and stock, but refused to share further details on the matter. Raja Sekhar Kommu, cofounder and CEO of ApnaComplex told us that the acquisition helps in fulfilling the apartment ecosystem with end-to-end support by both companies. Founded in 2015 by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev, NestAway is an online marketplace for home rentals that turns unfurnished houses into fully-furnished and managed apartments and rents them to pre-verified tenants. The companies have said that the acquisition supports NestAway and ApnaComplex’s shared vision to bring more convenience to the owners and residents of Gated Communities in India. They said that while NestAway has transformed the process of renting of houses using its innovative business models, ApnaComplex is focusing on making life convenient for the residents, homeowners and their associations in gated communities.
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