‏إظهار الرسائل ذات التسميات NestAway. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات NestAway. إظهار كافة الرسائل

ANAROCK Acquires Society and Apartment Management Tech Platform ApnaComplex from NestAway



The ANAROCK Group, Indias premier tech-led real estate services firm, today announced its 100% acquisition of digitally-driven society and apartment management PropTech platform ApnaComplex. A 10-year rich B2C technology player, ApnaComplex, was acquired for an undisclosed sum from NestAway Technologies, India's leading rental housing operator funded by Goldman Sachs, Tiger Global, UC-RNT Fund, IDG India, Chiratae Ventures and InnoVen Capital. 

A highly differentiated SaaS product, ApnaComplex is one of India's largest and fastest-growing PropTech firms within the Society & Apartment Management business. Headquartered out of Bangalore, it currently empowers over 600,000 households across 80 Indian cities to effortlessly automate all aspects of running large gated complexes. The start-up was among the top ten solutions launched at the Product Launch pad at the NASSCOM Product Conclave.

Anuj Puri, Chairman - ANAROCK Group



Anuj Puri, Chairman - ANAROCK Group says, "From buying and selling homes to managing and maintaining them, real estate digitalization is now a root concept. ApnaComplex is a pioneer in providing housing societies and households with a reliable and trustworthy tech platform for managing their properties. We are clear that the business will run independently and with a distinctive culture that the technology world demands. We are ready to invest aggressively in this platform to bring in the required product features and to hire key talent to help deliver value to all stakeholders." 

"Our acquisition rationale is to extend innovative features and tech upgrades for homeowners, residents, society managing committees, as well as facility and security management teams," says Puri. "Simultaneously, to connect our developer relationships to make these automated services available to a much wider clientele in India, and piggy-back our cross-border business in GCC for global expansion. We will look beyond just large societies and include small and medium-size complexes, to scale up substantially over the next few years. We also expect to scale up the staff strength to aid operational growth."

The advanced tech stack is hosted in the cloud, availed through an intuitive front-end mobile app/web portal and completely automates the day-to-day operations of societies, gated communities and apartment complexes. It is a mini-ERP and security solution with major modules for billing & accounting, security & gate management, community engagement, resident services and facility management, combining to render a unique experience for residents. At the heart of the product is the unparalleled maintenance billing and accounting stack which enjoys loyalty amongst clients and is unrivalled in capabilities.

It is also fully compliant with all prevailing data regulations and, through this acquisition, will aim for the highest global standards in data protection, and align with GDPR and other associated guidelines.

Commenting on the acquisition, Raja Sekhar Kommu, Co-founder & Ex-Chairman - ApnaComplex & Senior Business leader at NestAway stated, "The ApnaComplex platform enjoys a high degree of trust with its customers, primarily due to its relentless focus on industry trailblazing innovations, which make gated community living a pleasure. The platform's focus on data privacy is very well known and highly appreciated by its customers. With ApnaComplex finding a new home at ANAROCK, it will now grow to its fullest potential."

"With its deep industry relationships and a tech-first approach, ANAROCK is optimally positioned to scale up the network," he says. "The services are already being used in a large number of high-end complexes built by leading developers. With the support from ANAROCK's stellar leadership team, which has successfully grown and managed profitable organizations, I am confident of rapid penetration into the length and breadth of India and globally."

Shajai Jacob, Managing Director & Country Head - ApnaComplex & CEO - GCC, ANAROCK



Shajai Jacob, Managing Director & Country Head - ApnaComplex & CEO - GCC, ANAROCK said, "The post-COVID-19 world underscores the immense traction amongst residents and societies for automated touch-less safety and security measures, as well as need for reliable services readily at hand. For the lakhs of households already using ApnaComplexs services, the partnership with ANAROCK will translate into a significant upgrade - a highly-enhanced UI/UX, seamless gate & security management, richer tech features as well as enhancement of complementary resident services driven by robust technology."

The evolution in automation for real estate, which began with smart homes offerings, has now advanced to digitalizing 'Smarter Communities'. Within this, ApnaComplex helps bring order to the usual manual management of housing societies. Most importantly, the application saves time for the unsung heroes of the Managing Committees of gated complexes. Thereby, ensuring living in such societies a pleasant, convenient and safe experience for the entire community.

About ANAROCK

ANAROCK is India's leading independent real estate services company with a presence across India and the Middle East. The Chairman, Mr. Anuj Puri, is a highly respected industry veteran and Indias most prominent real estate thought leader. The Company has diversified interests across the real estate lifecycle and deploys its proprietary technology platform to accelerate marketing and sales. ANAROCK's services include Residential Broking & Technology, Retail (in partnership with Vindico), Commercial, Investment Banking, Hospitality (via HVS ANAROCK), Land Services, Industrial and Logistics, Investment Management, Research, Strategic Advisory & Valuations and Project Management Services (in partnership with Mace).

The Company has a unique business model, which is an amalgamation of traditional product sales supported by a modern technology platform with automated analytical and reporting tools. This offers timely solutions to its clients, while delivering financially favourable and efficient results. ANAROCK has a team of over 1800 certified and experienced real estate professionals who operate across all major Indian (Mumbai, Navi Mumbai, Pune, Ahmedabad, NCR - Delhi, Gurugram, Noida, Chennai, Bangalore, Hyderabad, Kolkata, Lucknow) and Middle East markets, and within a period of two years, has successfully completed over 400 exclusive project mandates. ANAROCK also manages over 80,000 established channel partners to ensure global business coverage.

Our assurance of consistent ethical dealing with clients and partners reflects our motto - Values Over Value.

Please visit www.anarock.com.


Nestaway to Launch 'Startup Lab' - An Equity-Free Startup Incubation Programme



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. 

Tiger Global Is Back Again, Invests In Bangalore-Based Nestaway

tiger

US-based investment fund Tiger Global, which stayed away from making investments in local startups over the past few months, is learnt to have led a $30-million (or Rs 200-crore) financing round in Bengaluru-based home rental startup NestAway, sources close to the matter said.

Started in January 2015, NestAway claims to be India's largest "managed home rental" network and rents homes to about 10,000 tenants across Bengaluru, Delhi NCR, Pune and Hyderabad with plans to expand into Mumbai and Chennai. The Bangalore headquartered startup counts Tiger Global, IDG Ventures, Flipkart and Ratan Tata among its investors.

NestAway was founded by four alumni of the National Institute of Technology (NIT), Surathkal. Amarendra Sahu, Jitendra Jagadev, Smruti Ranjan Parida and Deepak Dhar had decided to launch online marketplace for shared home rentals for singles. The startup converts unfurnished houses into fully furnished and managed apartments, and provide them at affordable prices to pre-verified tenants.

Last time when Tiger Global has invested in an Indian startup was Shopclues, in January this year. In 2015, Tiger Global Management emerged as the biggest investor in Indian startups.

The New York-based investment company had put in as much as $2.58 billion (Rs 17,100 crore) across 34 deals in 2015, according to Bloomberg data. This includes a $700 million investment in Flipkart and $900 million (two deals) in cab-hailing service provider Ola.

Ratan Tata Invests In NestAway, A Managed Home-Rental Marketplace

nestaway_ratan_tata

Ratan Tata, Chairman Emeritus of Tata Sons and Senior Advisor to IDG Ventures India, has invested an undisclosed amount in his personal capacity into NestAway Technologies Pvt Ltd, a leader in the 'managed' home rentals market in India. Nestaway is Tata's 8th investment since the start of this year.

NestAway is India's first "home rental network". It seeks to manage all the rental pains on both homeowner and tenant sides. NestAway essentially turns unbranded, unfurnished houses into fully furnished & managed apartments and provides them at affordable prices to verified tenants. So far, the startup has provided quality rental homes to about 5,000 tenants across 6 cities. Until recently, NestAway counted Single working professionals among its target audience; but now it has also forayed into the Family segment.

NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in January 2015.

NestAway's mission to fix the rental housing market by inspiring trust between owners & tenants raised a notch up through collaboration with Mr Tata – the name that always has & continues to define the word "trust" for millions of Indians. It’s a privilege to work on such an impactful problem with Mr Tata with his visionary guidance & mentoring”, says Amarendra Sahu, Co-founder & CEO of NestAway.

Karthik Prabhakar, Vice President of IDG Ventures India, who is on the board of NestAway, said, “As the first investors in NestAway, we have seen the company grow at a tremendous pace and achieve clear leadership by far in its vertical. It is an honour to have Mr Ratan Tata, an epitome of trust and quality, as an investor in the company and look forward to his guidance and support to help with the next phase of growth."

NestAway has raised over $13 million in capital over two rounds from marquee investors including IDG Ventures India, Tiger Global, Flipkart and Naveen Tewari.

Ratan Tata Invests In NestAway, A Managed Home-Rental Marketplace



Ratan Tata, Chairman Emeritus of Tata Sons and Senior Advisor to IDG Ventures India, has invested an undisclosed amount in his personal capacity into NestAway Technologies Pvt Ltd, a leader in the 'managed' home rentals market in India. Nestaway is Tata's 8th investment since the start of this year.

NestAway is India's first "home rental network". It seeks to manage all the rental pains on both homeowner and tenant sides. NestAway essentially turns unbranded, unfurnished houses into fully furnished & managed apartments and provides them at affordable prices to verified tenants. So far, the startup has provided quality rental homes to about 5,000 tenants across 6 cities. Until recently, NestAway counted Single working professionals among its target audience; but now it has also forayed into the Family segment.

NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in January 2015.

NestAway's mission to fix the rental housing market by inspiring trust between owners & tenants raised a notch up through collaboration with Mr Tata – the name that always has & continues to define the word "trust" for millions of Indians. It’s a privilege to work on such an impactful problem with Mr Tata with his visionary guidance & mentoring”, says Amarendra Sahu, Co-founder & CEO of NestAway.

Karthik Prabhakar, Vice President of IDG Ventures India, who is on the board of NestAway, said, “As the first investors in NestAway, we have seen the company grow at a tremendous pace and achieve clear leadership by far in its vertical. It is an honour to have Mr Ratan Tata, an epitome of trust and quality, as an investor in the company and look forward to his guidance and support to help with the next phase of growth."

NestAway has raised over $13 million in capital over two rounds from marquee investors including IDG Ventures India, Tiger Global, Flipkart and Naveen Tewari.


Market Reports

Market Report & Surveys
IndianWeb2.com © all rights reserved