A startup raises around $110 million from marquee backers, gets valued at close to $220 million, and then eventually gets sold at $11 million! Well, that's the story of NestAway. Did the pandemic kill the home rental startup or was it a victim of the funding winter? Or is there something else?
The founders of HelloWorld, Jitendra Jagadev and Ismail Khan, who were originally part of the founding team at NestAway, will now lead NestAway post-acquisition.
The Executive Investment Committee meeting of Aurum PropTech Ltd held on 01st June 2023, has approved the acquisition of upto 100% Share Capital of NestAway Technologies Pvt Ltd for a cash consideration of upto INR 90 crores.