Bangalore-based Nestaway, a managed home-rental marketplace is all set to launch “Nestaway Startup Lab“, a 6-month equity-free startup incubation programme for bootstrapped startups to test products and services, announced the company in a blog post.
Touted as a first-of-a-kind initiative by an Indian startup, the incubation programme is in partnership with Excubator, a startup incubator and venture capital firm by Tiger Global and Goldman Sachs backed company to enable early stage founders get access to customers.
“We’ve absolutely no monetary expectations,”” Nestaway said on its blog post.
“In our experience, one of the largest determinants of startup success is early access to willing customers to test, fail and learn what works. Unfortunately, getting access to them, to even learn, is expensive. Today, we have the customer base that we’d like our fellow entrepreneurs to have access to,” said Amarendra Sahu, CEO, Nestaway Technologies.
Nestaway Startup Lab, in its first batch, aims to host 3-4 shortlisted startups from March onwards.
Founded in 2015, by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida, NestAway is backed by high profile investors includinh Tiger Global, Goldman Sachs and Ratan Tata, among others.