Aurum PropTech has approved the acquisition of upto 100% stake in NestAway Technologies (NestAway), a leading PropTech Brand in India for a consideration of upto Rs 90 crore, at its meeting held on June 1, 2023. In addition to the Rs 90 crore consideration towards acquisition of upto 100% share capital, Aurum PropTech will inject Rs 30 crore to stabilize the business. This capital infusion in NestAway is a testament to Aurum PropTech’s conviction in India’s $20-billion Rental Housing market.
NestAway offers a comprehensive solution as an intermediary for every step of the home rental process.
Aurum PropTech is Software Technology and Services company with its headquarters at Navi Mumbai, India. The company was founded in 2015 as an Insurance Tech company and was formerly known as Majesco.