Aurum PropTech to fully acquire home rental platform NestAway for Rs 90 cr ...Middle East

Economy by : (Business Standard) -
Aurum PropTech on Friday said it will acquire up to 100 per cent stake in home rental platform NestAway Technologies for a cash consideration of up to Rs 90 crore. Founded in 2015, NestAway caters to individuals looking for rental housing in major cities. In a regulatory filing, Aurum Proptech informed that its executive investment committee has approved the acquisition of up to 100 per cent share capital of NestAway Technologies Pvt Ltd for a cash consideration of up to Rs 90 crore. NestAway secured a cumulative funding of USD 110 million at the latest valuation of USD 220 million in 2019, garnering investments from marquee investors such as Tiger Global, UC-RNT Fund, Flipkart, Goldman Sach

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