Once valued at $220m, NestAway being sold to Aurum PropTech for $11m

Once valued at $220m, NestAway being sold to Aurum PropTech for $11m

NestAway founders (from left) Deepak Dhar, Jitendra Jagadev, Amarendra Sahu and Smruti Parida. Dhar and Parida have both left the company. Photo: Livemint.

PropTech firm Aurum on Friday said it is acquiring Tiger Global-backed Indian home rental startup NestAway for nearly Rs. 90 crores ($11 million), in a sharp cut from the firm’s previous valuation.

Edited by: Padma Priya