NestAway eyes IoT solutions for growth; plans to raise $50 million
Home rentals startup NestAway is in talks to raise about USD 50 million in the next few months to scale up operations and invest heavily in services for tenants based on Internet of Things (IoT) solutions.
These services could include IoT-based home cleaners and drones that could fly on behalf of potential tenants to shortlist properties.
Founded in 2015, the company has so far raised over USD 40 million in funding from investors including Tiger Global, Russian billionaire and founder of DST Global Yuri Milner, and Tata Sons chairman emeritus Ratan Tata. The existing investors, along with the new ones, are also expected to participate in the new funding round. Read more…
