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NestAway confirms $51m booking

Mar 7, 2018 •

UC-RNT has put up $16m for the Flipkart-backed rental services provider's latest round, taking its funding past the $90m mark.

NestAway, an India-based accommodation rental platform, has received $51m in a round featuring UC-RNT, the investment fund established by University of California and entrepreneur Ratan Tata, the Times of India has reported.

UC-RNT committed $16m to the round, which also included investment bank Goldman Sachs, through subsidiaries in India and Hong Kong, Tiger Global Management and IDG Ventures India.

Founded in 2015, NestAway has created an online marketplace where homeowners can rent their property to other users. The company acts…

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