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NestAway confirms $51m booking

Mar 7, 2018 • Thierry Heles

Goldman Sachs has put up $19m for the Flipkart-backed rental services provider's latest round, taking its funding past the $90m mark.

NestAway, an India-based accommodation rental platform backed by e-commerce company Flipkart, has received $51m in a round featuring investment bank Goldman Sachs, the Times of India has reported.

Goldman Sachs committed $19m through subsidiaries in India and Hong Kong and was joined by Tiger Global Management, IDG Ventures India and UC-RNT, the investment fund established by University of California and entrepreneur Ratan Tata.

Founded in 2015, NestAway has created an online marketplace where homeowners can rent their property to other…

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