Industry News

Goldman Sachs has bet huge amounts on Indian firm NestAway

By John Michonski 1 Comments NEWS, Industry News

NestAway, a new startup for those looking to move into more urban areas in India, has been a success almost immediately after launching.

Recently, the company raised $51 million in the latest round of funding, which surprisingly mostly came from American firm Goldman Sachs.

Sachs contributed $19 million through their India and Hong Kong investment arm, with the rest filled by IDG India and Tiger Global, among others. NestAway says they plan to use the funds to expand to new markets.

“In addition, we will also be focusing on our new ventures. One is NestAway (co-living space) and other is student housing. With this funding, we shall strive harder to impact not only where people live but also how they live. We are glad that our new partners in this journey share our vision and passion to create unique living infrastructure in this country using design and technology," shared Jagadev when asked about his plans for utilization of funds.

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