NestAway Technologies, India’s largest online home rental company, acquired Zenify, the second largest home aggregator and rental management company in India for an undisclosed amount today. With this acquisition, NestAway, in addition to providing homes to singles, will start offering homes to family tenants as well. This acquisition further solidifies NestAway’s position by making them 10 times larger than its nearest competitor in the managed home rental space in India.
Zenify will continue to maintain its identity and operations as an independent brand under the umbrella of NestAway. Through this strategic move, NestAway will now have over 4000 homes for family tenants to choose from. “Consistent with our vision of inspiring trust in matters of home rental, we are happy to expand not just our services but our philosophy to family tenants. We hope to disrupt & restructure the social infrastructure of housing for both singles & families in times to come” said Amarendra Sahu, Co-Founder and CEO at NestAway Technologies.
As the fastest growing ‘Online Home Rental Company’ in India, NestAway began its operations in January 2015. It has been backed by some of the marquee investors such as Ratan Tata, Tiger Global, IDG and Yuri Milner., The Company aims to bring everything rental under one umbrella making it easy for both owners & tenants to trust each other and transact without hesitation. It currently operates in Bangalore, NCR, Pune, Hyderabad & Mumbai with over 10,000 homes under management.
“We are really happy and excited to be part of Nestaway family. With coming together of the 2 biggest players in the real estate services segment, we will leap ahead of the competition. By making the entire system transparent and value driven, and with a strong underlying philosophy of ‘homes that do not discriminate’, NestAway and Zenify will work together to create a strong home rental ecosystem in India.” said Ankur Agarwal, Co-founder at Zenify.