Amrenrdra Sahu, Jitendra Jagadev teamed up with their classmate Smruti Ranjan Parida to set up an online home rental company in 2015.

 

Stepping stones of journey

Sahu recalled “I would attend classes during the day while Jeetu (Jagadev) would be at office. At 6 pm we would both start coding on the product, me logging in from my hostel and him from home”.

 

About Nestaway

Although the company started with the objective of providing safe homes for single men and women who moved to the city for their work pursuits, it also introduced home rentals for families. It provides ease of transaction for home owners and tenants on a technology enabled platform. The company is backed by Tiger Global, IDG and Yuri Milner and has a repertoire of 25,000 managed homes across eight cities in India.

 

The winner’s statement

“Kids from cities have a lot of pressure to succeed, we were okay with losing.We never played to win though it feels good to have won the award,” said Sahu.

 

Establishments & Future Prospects

The company has gained an enormous revenue of $43.2 million from multiple investors. The company also plans extend their services to NRI home owners who would like to rent out their properties in India with no brokers in between.

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