NestAway finds room for $50m

Dec 4, 2017 •

UC-RNT, an investment fund established by University of California and Ratan Tata, has contributed to a funding round for NestAway, whose shareholders already include Flipkart.

NestAway, an India-based accommodation rental platform backed by e-commerce firm Flipkart, has received $50m in funding from investors including investment fund UC-RNT, Times of India reported today, citing unnamed sources.

IDG Ventures India and Tiger Global Management also participated in the round, which valued NestAway at $180m to $200m post-money. UC-RNT was launched in August 2016 by University of California and Ratan Tata, chairman emeritus of conglomerate Tata Sons.

The round could be extended to as much as $80m,…

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