NestAway : Solving the Housing Problem for Young Migrants in India

How NestAway is Solving the Housing Problem for Young Migrants in India – India is a country of diversity, opportunity, and mobility. Every year, millions of young people migrate from their hometowns to different cities in search of education, employment, or lifestyle. However, finding a suitable and affordable place to stay in a new city is not an easy task.

NestAway

Details of the startup:

  • CITY: Bengaluru
  • STATE: Karnataka
  • STARTED IN: 2017
  • FOUNDERS:  Amarendra Sahu, Jitendra Jagadev and Smruti Parida
  • NUMBER OF INVESTORS : 15
  • LATEST ROUND INVESTMENT : ₹349.20M
  • TOTAL INVESTMENT :₹12039.68M
  •   TOTAL SECURED LOANS AVAILED :Nil

You can find their website here.

The challenges faced by these young migrants include:

  • High brokerage fees: The traditional way of renting a house in India involves paying a hefty amount of money to a broker, who acts as a middleman between the owner and the tenant. The brokerage fee can range from one to three months of rent, which is a huge burden for the budget-conscious youth.
  • Discrimination and bias: The young migrants often face discrimination and bias from the owners and the society, based on their gender, marital status, religion, caste, or region. Single women and bachelors are considered unreliable, while migrants from other states are viewed as outsiders. Many owners have strict rules and regulations, such as no visitors, no pets, no cooking, etc., that restrict the freedom and privacy of the tenants.
  • Lack of quality and convenience: The quality and convenience of the rented houses are often compromised, as the owners do not invest in the maintenance and amenities of the property. The tenants have to deal with issues such as poor hygiene, faulty plumbing, erratic electricity, and inadequate furniture. Moreover, the tenants have to arrange for their own services, such as housekeeping, laundry, internet, etc., which adds to their hassle and expense.

These are some of the common problems that NestAway, a home-solutions platform, aims to solve. NestAway was founded in 2015 by four entrepreneurs who had experienced the same problems themselves. NestAway’s vision is to make home finding and living more democratic, equitable, and accessible for young people in India.

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What is NestAway and how does it work?

NestAway is a platform that connects owners and tenants, and provides them with end-to-end solutions for renting and managing houses. NestAway offers a variety of options, such as furnished and unfurnished apartments, shared and private rooms, and family and individual homes, across 10 cities in India. NestAway’s features and benefits include:

  • Zero brokerage: NestAway eliminates the need for brokers, and charges only a nominal service fee to the tenants and the owners. The service fee covers the verification, documentation, maintenance, and support services provided by NestAway. The tenants also get an instant deposit refund when they vacate the house, without any deductions or delays.
  • No discrimination: NestAway welcomes everyone, regardless of their gender, marital status, religion, caste, or region. NestAway does not impose any restrictions or rules on the tenants, and respects their freedom and privacy. NestAway also fosters a sense of community and belonging among the tenants, who are called Nesties, by organizing various events and activities.
  • Quality and convenience: NestAway ensures that the houses are well-maintained and equipped with all the necessary amenities, such as furniture, appliances, internet, etc. NestAway also provides various value-added services, such as housekeeping, laundry, food delivery, etc., at affordable prices. NestAway also has a dedicated customer care team that is available 24/7 to address any queries or issues.
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How to get started with NestAway?

If you are interested in using NestAway for your housing needs, you can visit their website or download their app from the Google Play Store or the App Store. You can browse through the available options, filter them according to your preferences, and book a visit to the house of your choice. You can also contact NestAway through their toll-free number or email them at care@nestaway.com for any assistance.

NestAway is on a mission to make every city a home for the young migrants, and to provide them with a hassle-free and comfortable living experience. By using NestAway, you can join them

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