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Ratan Tata-backed NestAway sold for ₹90 crore at 95% valuation cut
short by Hiral Goyal / on Friday, 2 June, 2023
NestAway, the home rental startup backed by Ratan Tata, has been sold to Aurum PropTech for ₹90 crore. The deal represents a 95% decline in NestAway's valuation, which was last valued at $220 million (₹1,800 crore) in 2019. NestAway was founded in 2015 and raised ₹900 crore in total from investors, including Tiger Global, Flipkart, Goldman Sachs and Yuri Milner.
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