Tag: Sulekha

  • List of Successful Startups in Chennai [Exhaustive List 2022]

    The capital of Tamil Nadu has seen a considerable rise in respect to the startup culture in the last couple of years. The Tamil Nadu government continues to aggressively promote the blossoming of a startup ecosystem in the state. Hence, the sudden increase in the number of startups in Chennai and Chennai becoming India’s fourth most active startup ecosystem needs no justification. Here are some of the top startups in Chennai.

    Here’s a list of the best startups in Chennai.

    1. Sulekha
    2. Netmeds
    3. BankBazaar
    4. Flintobox
    5. Zoho
    6. Chrysalis
    7. Lawbot
    8. Freshworks
    9. Wandertrails
    10. PipeCandy
    11. BigFday
    12. Perfint Healthcare
    13. Avaza
    14. Financial Software Systems (FSS)
    15. Servion
    16. Adjutas
    17. SkillAngels
    18. Waygum
    19. Vue.ai
    20. Kobzo
    21. Chargebee
    22. Galaxeye
    23. Caratlane
    24. ThoughtBit
    25. Aquaconnect
    26. Trivitron Healthcare
    27. Vivriti Capital
    28. CredAvenue
    29. CreditMantri
    30. TenderCuts

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    1. Sulekha

    Founder: Satya Prabhakar

    Year Founded: 1996

    Industry: Service Directory

    Sulekha Logo
    Sulekha Logo

    Sulekha is a platform for consumers and businesses to connect with each other. Satya Prabhakar is the founder and CEO of Sulekha. Sulekha employs more than  1,300 people and has 14 offices around the globe in countries like the United States, Canada, the UK, and UAE.

    Satya is originally from Machilipatnam, Andhra Pradesh. Satya did his undergraduate studies in B.E. from NIT, Trichy and has worked with Philips. A studious and academically proficient individual, he secured admission to all the top four IIMs (Ahmedabad, Bangalore, Calcutta, and Lucknow), but chose to pursue a Master’s degree in Computer Science from the University of Florida, Gainesville.

    2. Netmeds

    Founder: Pradeep Dadha

    Year Founded: 2015

    Industry: Online Pharmacy

    Netmeds Logo
    Netmeds Logo

    Netmeds is an online pharmacy that delivers pharmaceutical products at the customers’ door. Netmeds has a wide range of healthcare products on its website. With strong marketing strategies and Mahendra Singh Dhoni as the brand ambassador, the startup is swiftly moving towards success.

    Netmeds was founded by Pradeep Dadha, one of the most successful entrepreneurs to emerge out of Chennai. He worked at Dadha & Co., his family business. Netmeds has acquired several health startups over time, including the recent acquisition of KiViHealth in 2019.

    3. BankBazaar

    Founder: Rati Shetty

    Year Founded: 2008

    Industry: FinTech

    Bankbazaar Logo
    Bankbazaar Logo

    BankBazaar is a Chennai-based fintech startup that has established a solid presence in India in just a few years. It allows customers to make payments and get loans online. BankBazaar essentially functions like a bank minus the fact that you don’t have to go to different counters. The work is done in a jiffy while sitting at home.

    Rati Shetty is the founder and chief product officer at BankBazaar. She did her graduation from the University of Madras.

    4. Flintobox

    Founders: Arunprasad Durairaj, Vijaybabu Gandhi, and Shreenidhi Srirangam

    Year Founded: 2013

    Industry: Education

    Flintobox Logo
    Flintobox Logo

    Every child is special and is inherently engineered to learn something new everyday. When parents let their children use the internet, it puts a stop to the kid’s imagination and creativity. Childhood is the time when engaging in physical activities should be at its peak, and not with the computer or mobile screens. Flintobox is a startup working to solve this problem. Parents can order a Flintobox, which is a combination of different activity toys. The startup sends the box directly to your house every month. You can select the package which suits you the best.

    Flintobox was founded by Arunprasad Durairaj, Vijaybabu Gandhi, and Shreenidhi Srirangam in 2013. They started the company to solve the problem of television addiction in children.

    5. Zoho

    Founders: Sridhar Vembu and Tony Thomas

    Year Founded: 1996

    Industry: Software Development

    Zoho Logo
    Zoho Logo

    Zoho is among the top companies in Chennai. Zoho Corporation is a unicorn SaaS founded by Sridhar Vembu and Tony Thomas in 1996. Zoho provides a suite of products for all your business needs. It includes an email-sending client, a finance management tool, and a project management tool with over 40 million users across the globe. The Indian company also has offices in Singapore, Japan, China, Tenkasi, Pleasanton, and California.

    6. Chrysalis

    Founder: Chitra Ravi

    Year Founded: 2001

    Industry: Education

    Chrysalis Logo
    Chrysalis Logo

    Chrysalis has innovated an academic program for the formative years (2-12) of a child’s education – “ThinkRoom”. ThinkRoom has been designed with the vision of awakening the dormant potential in every child. The curriculum (pedagogy) is created with a child-centric philosophy. It is an integrated academic program for maths, English, science, and social studies in schools.

    ThinkRoom is the synthesis of a product (subject books called ‘studios’), service design (continuous professional development training for teachers), and technology (‘Mitra Tab’). In 2017, Chrysalis raised an undisclosed amount in funding from Manterra and Gray Matters Capital (GMC).

    7. Lawbot

    Founder: Manasvini Krishna

    Year Founded: 2016

    Industry: LegalTech

    Lawbot Logo
    Lawbot Logo

    Manasvini Krishna is a lawyer and a successful entrepreneur. He pursued his Bachelor of Legislative Law from National Law University, Bhopal. He then pursued his Master’s degree from the University of Oxford. Before starting his own venture, he co-founded Samvad Partners in 2012. In 2016, Manasvini started Lawbot.ai.

    Lawbot.ai is a legal AI platform that analyzes contracts through machine learning and natural language processing.

    8. Freshworks

    Founder: Girish Mathrubootham
    Year Founded: 2012
    Industry: Cloud-Based Business Management Applications Provider

    Freshworks Logo
    Freshworks Logo

    Freshworks provides cloud-based business management applications to companies. The applications provided by Freshworks are:

    • Freshdesk: Cloud-based customer support software.
    • Freshservice: Online IT service management software.
    • Freshcaller: Cloud-based call center software.
    • Freshchat: Enterprise chat application.
    • Freshsales: Sales CRM software.
    • Freshmarketer: Marketing software for digital marketers.
    • Freshconnect: Enterprise collaboration software.
    • Freshping: Website monitoring tool.
    • Freshteam: Recruit people, and manage employee data and time in one place.
    • Freshrelease: Agile project management software for developing teams.
    • Freshstatus: Setup your hosted public page with one click.

    Freshworks offers a subscription-based pricing model. It has worked with companies such as Honda, Toshiba, Cisco, Lenskart, Zoom, Zomato, UNICEF, Team Viewer, Carat Lane, and Money Corp.

    9. Wandertrails

    Founders: Vishnu Menon, Pranav Kumar, Sruti Chander, Hari Nair, and Narayan Menon

    Year Founded: 2016

    Industry: Travel and Tourism

    Wandertrails Logo
    Wandertrails Logo

    Wandertrails is a travel tech company. It offers an online platform that enables the on-demand booking of experiences indigenous to a particular location as well as related experiential accommodation to complement these experiences.

    Wandertrails is operating through a curated marketplace model with a strong emphasis on integrity and depth of listings. The authenticity of every experience is ensured. Wandertrails does it through an on-ground audit and professional creative shoot. It raised 1 million US dollars in March 2020.


    List of Top Travel Startups in India | Tourism Startups
    > “The World Is A Book And Those Who Do Not Travel Read Only One Page.” – St. Augustine of Hippo, PhilosopherTravel and tourism industry is one of the largest industries in India. Accordingto government statistics in 2017, the annual growth rate of domestic travelersin India stood at 17.2%. It …


    10. PipeCandy

    Founders: Murali Vivekanandan, Ashwin Ramaswamy, and Shrikanth Jagannathan

    Year Founded: 2016

    Industry: E-commerce Analytics

    Pipecandy Logo
    PipeCandy Logo

    PipeCandy is a Chennai-based e-commerce startup focused on a predictive insights platform. It tracks over 500,000 modern e-commerce companies and delivers insights to marketers, investors, and analysts. The founders of PipeCandy are Murali Vivekanandan, Ashwin Ramaswamy, and Shrikanth Jagannathan. The company also functions in San Francisco, California.

    Pipecandy has raised around $1.1 million. It has attracted many investors who are curious about hunting down the nuances in the system to increase sales and therefore, a higher probability to seal the deal. ‘Emergent Ventures India’ is funding the startup; many other entities such as ‘IDG Ventures’, ‘Axilor Ventures’, and the ‘Indian Angel Network’ are also supporting PipeCandy.

    11. BigFday

    Founder: Utkarsh Singhania

    Year Founded: 2014

    Industry: Event Management

    BigFDay Logo
    BigFDay Logo | Event Management Company in Chennai

    BigFday is an online marketplace for event services, be it weddings, birthdays, corporate events, or just a night out with friends. BigFday helps occasional and professional planners with the services required to host the event. Presently serving in Chennai, it works with 500+ venues and hundreds of professionals in the event industry.

    Utkarsh Singhania is the founder and CTO of BigFDay. He has an MBA from Sikkim Manipal University and is a graduate of Anna University.

    12. Perfint Healthcare

    Founder: S Nandakumar

    Year Founded: 2005

    Industry: Healthcare

    Perfint Logo
    Perfint Logo

    Perfint Healthcare develops diagnostic equipment for the oncology space. Its image-guided equipment uses medical image processing and robotics to help clinicians plan and execute CT-guided cancer biopsies, drug delivery, and ablation of small tumours. The product catalogue includes:

    • MAXIO: An image-guided, physician controlled stereotactic accessory to a computed tomography (CT) system.
    • ROBIO EX: A CT & PET-CT guided robotic positioning system that assists with fast and accurate tumour location.
    • NAVIOS: A computer-based workflow assistance solution for CT guided percutaneous ablation procedures.

    Norwest Venture Partners, Accel, and Chiratae Ventures have invested $ 40 million in Perfint.

    13. Avaza

    Founder: Ajit Narayanan

    Year Founded: 2014

    Industry: Technology

    Avaza Logo
    Avaza Logo

    Avaza is a tech startup. It works for children challenged with communication disorders, autism, cerebral palsy and down syndrome. Avaza boasts of providing India’s first augmentative and alternative communication device for children with disabilities.

    Ajit Narayanan is the founder of Avaza. He is a graduate of IIT, Madras with a Bachelor’s degree in Electrical Engineering. Before starting Avaza, he was the CEO of Chongchong English in California. He was awarded the ‘National Award for Empowerment of Persons with Disabilities by the President of India in 2010.

    14. Financial Software Systems (FSS

    Founder: Nagaraj Mylandla

    Year Founded: 1991

    Industry: Electronic payment

    FSS Logo
    FSS Logo

    Financial Software Systems (FSS) offers business value in the areas of electronic payments and financial transaction processing solutions & services. Headquartered in Chennai, FSS has established a global footprint in Africa, Australia, Canada, Europe, Middle East, Singapore, and the United States of America. FSS delivers a complete spectrum of offerings through its two business divisions:

    • FSSTechnologies: Offers clients with a single-window view of solutions and services like systems integration, offshore development, product sustenance, project management and implementation, upgrade and migration services, product testing and certification, application testing, onsite technical support, and 24/7 global helpdesk support.
    • FSSNeT: Offers hosted payment processing services across all delivery channels; these include ATMs, POS, internet, and mobile with authorization by bank hosts, interchanges, and co-networks. Premji Invest, Jacob Ballas Capital, and New Enterprise Associates have invested $127 Million in FSS.

    15. Servion

    Founders: Kavikkal Balakrishnan and N Raghunandan

    Year Founded: 1991

    Industry: Application Software

    Servion Logo
    Servion Logo

    Servion enables business transformation for enterprises in the area of customer experience management (CEM). Servion is a platform-led solutions provider focused on enhancing customer experience by automating and integrating customer interaction channels. Servion provides the following IP platforms:

    • ServDesignSM: Knowledge-based consulting framework that enables you to deliver an on-brand customer experience.
    • ServIntuitSM: Omni-channel customer experience platform that connects all enterprise channel applications such as chat, voice, website, mobile, email, video, and AR/VR.
    • ServInsightsSM: Contact center analytics platform that enables multi-channel and enterprise integration.
    • ServCloudTM: Adaptable cloud-based CX-platform that gives enterprises the power of optimal operations and omnichannel customer experience.
    • ServCareSM: Offers the right support to contact centers through unified communication and collaboration solutions, enabling enterprises to deliver flawless customer experience.

    These platforms enable enterprises to drive the true value of their CX investments and build their customer engagement hub. Over the past two decades, Servion has evolved from being a single channel (voice) interaction expert to becoming an industry pioneer in omnichannel customer experience.

    16. Adjutas

    Founder: Ani

    Year Founded: 2016

    Industry: IT Services

    Adjutas Logo
    Adjutas Logo

    The essence of Adjutas is to deliver the best IT experience. It is trusted by more than 200 companies. Adjutas offers an intelligent cloud-based helpdesk-cum-service desk and asset management software. The offerings help in all of the major management areas along with multi-channel support and reports. Adjutas offers a 14-day free trial to gauge its products.

    17. SkillAngels

    Founder: Saravanan Sundaramoorthy

    Year Founded: 2013

    Industry: E-Learning

    Skill Angels Logo
    SkillAngels Logo

    SkillAngels is a Chennai-based startup. It aims at helping kids in their cognitive development through various games present on its website. SkillAngels was founded in the year 2013.

    SkillAngels wants to transform classroom students into the workforce of the future. The company is working with a team of education visionaries, development experts, and clinical psychologists who came together to go that extra mile, alter the average educational experience, and create the champions of tomorrow.

    18. Waygum

    Founder: Sundar Krish

    Year Founded: 2015

    Industry: Industry Software

    Waygum Logo
    Waygum Logo

    With the increase in the rate of smartphone usage, industries are also embracing technology for operations. Waygum.io provides a smart way for factories to manage operations on mobile. With the Waygum app, managers can easily keep a tab on everything that’s happening in the factory. Their employees can report to them easily on the same application. Sundar Krish, the founder of Waygum, is an IIT, Madras graduate. Krish is currently working on his new startup AppSecFlo in Silicon Valley.

    19. Vue.ai

    Founder: Ashwini Asokan

    Year Founded: 2015

    Industry: AI-Based Visual Search And Product Recommendation

    Vue.ai Logo
    Vue.ai Logo

    Vue.ai is an image recognition platform by Mad Street Den, an artificial intelligence company. Vue.ai is an end-to-end retail automation platform that is redesigning the future of fashion retail through artificial intelligence. Using image recognition and data science, Vue.ai extracts catalog data, analyzes it for user behaviour, and helps companies improve customer experience, drive conversions, and reduce costs.

    Vue.ai helps you digitally map your products’ DNA to create one-of-a-kind retail experiences for your customers and translates product information into a language your teams can understand and use to make business decisions. Vue.ai has received funding of $28 million from Falcon Edge Capital, Global Brain, and Sequoia Capital.

    20. Kobzo

    Founders:  Vineet Neeraj, Mohan Gayam, and Karthik Ramaiah

    Year Founded: 2012

    Industry: Information Technology & Services

    Kobzo Logo
    Kobzo Logo

    Formerly known as Kobster, Kobzo is an ecommerce website that caters to small and medium enterprises, startups, and home businesses for their office supply needs. Kobzo helps corporate buyers, retailers, SMEs, home offices, hotels, hospitals, etc. to meet organizational goals seamlessly and efficiently. Today, Kobzo has 1 lakh+ business products in multiple categories namely manufacturing, construction, office supplies, hospital and lab, electronics, automobile, education, hotels, and restaurants.

    21. Chargebee

    Founder: Krish Subramanian

    Year Founded: 2011

    Industry: Financial services

    Chargebee Logo
    Chargebee Logo

    Chargebee is one of the leading SaaS companies in Chennai that provides subscription and recurring billing based systems for SaaS and e-commerce businesses so they can streamline their revenue operations. There has been a steady increase in subscription-based businesses worldwide and they need more options and flexibility for managing varied billing cases. The company has its headquarters in San Francisco, California but also has a head office in Chennai.

    The platform integrates with Stripe, Braintree, and Paypal which are the top payment gateways to help your company automate recurring payment collection, including services like invoicing, taxes, SaaS metrics, accounting and customer management. It focuses on providing small businesses with flexible recurring experiences and managing their customer’s subscriptions.

    22. Galaxeye

    Founders: Satya Chakravarthy and Suyash Singh

    Year founded: 2020

    Industry: Defense and Space

    Galaeye Logo
    Galaeye Logo

    Galaxeye is a company that focuses on space technology, technology that monitors Earth and outer space. The company also helps in accelerating the growth of space infrastructure that enables planetary evolution. It also enables other tech businesses to make better decisions and perform operations efficiently through space technology.

    Galaxeye specializes in Remote Sensing, Earth Observation, Artificial Intelligence, Space Technology, Image Processing, Geospatial Analytics, among others. Their image dataset will provide numerous opportunities and benefits to analysts and consumers. Galaxeye currently operates on a subscription-based data as a service model and is a B2B and B2G company.

    23. Caratlane

    Founders: Mithun Sacheti, and Srinivasa Gopalan

    Year Founded: 2008

    Industry: Jewelry E-commerce

    Caratlane Logo
    Caratlane Logo

    Caratlane is one of the top online jewelry retailers in India. As of 2020, the company has over 92 retail stores in over 36 cities across the country. The company was founded by Mithun Sacheti, and Srinivasa Gopalan in 2008 and has its headquarters based in Chennai, Tamilnadu. The company was purchased by Titan Jewelry in 2016 and is also marketed as a partnership with Tanishq.

    The company also went on to launch its own app which included a feature of facial recognition and 3D imaging technology so that its customers can try the jewelry pieces virtually. According to a study done by Dataquest and JuxtConsult in 2011, Caratlane was among the top 20 e-commerce websites in India.

    24. ThoughtBit

    Founder: Sidharthan Panneerselvam

    Year Founded: 2017

    Industry: Information Technology and Services

    ThoughBit
    ThoughBit Logo

    ThoughtBit is an upcoming Information Technology firm that was started in 2017. The company focuses on Enterprise software and is known for its ThoughtAccess identity and Access management platform that help mid-market enterprises. ThoughtBit also specializes in the fields of GST, GST Compliance, cyber security, IAM, and SaaS.

    One of the services that the company provides is ThoughtBit Access which is a Cognitive Identity and access management on a cloud platform designed especially for Mid-market enterprises. Whereas it also provides another intelligent solution called ThoughtGST, which ensures 100% GST compliance for small and medium businesses.

    25. Aquaconnect

    Founder: Rajamanohar Somasundaram

    Year Founded: 2017

    Industry: Aquaculture Technology

    Aquaconnect Logo

    Aquaconnect is one of the leading aquaculture technology firms. The company provides end-to-end solutions to shrimp and fish farmers through artificial intelligence and satellite remote sensing technologies. Aquaconnect also provides advice for data-driven farms throughout the country and specializes in the areas of AI, Farm Management, and Data Analytics for aquaculture.

    Currently, the company works with more than 35,000 fish and shrimp farmers that are using AI-enabled tools to increase their productivity and connect their farming with players in the value chain. Besides providing farm advice, they also provide farm inputs marketplace, market linkage, and farm finance and insurance. Aquaconnect is considered to be the largest Aquaculture marketplace in Asia.

    26. Trivitron Healthcare

    Founder: Dr. GSK Velu

    Year Founded: 1997

    Industry: Healthcare and medical technology

    Trivitron
    Trivitron Logo

    Trivitron Healthcare is a Healthcare and medical technology company that is known for providing healthcare solutions at affordable rates to numerous healthcare providers. The company sells its products to over 180 and has more than 55,000 customers. It also has 1,200 channel partners and holds the record for more than 50,000 installations across the world.

    Trivitron designs and manufactures products of medical technology for hospitals, other healthcare providers, clinics, laboratories, and care facilities. The company specializes in Vitro Diagnostics Products, Imaging & Radiology Products, Newborn Screening, Radiation Protection products & Imaging Accessories, Operating Room Solutions, and Intensive Care Unit Solutions among many others.

    27. Vivriti Capital

    Founder: Vineet Sukumar

    Year Founded: 2017

    Industry: Financial services

    Vivriti Capital Logo
    Vivriti Capital Logo

    Vivriti Capital is a platform designed especially for small and medium enterprises (SMEs) that don’t have proper access to financial services. The company’s customer base includes financial institutions, corporates, and small enterprises. Vivriti uses data analytics to determine the customer’s needs and then designs products according to them.

    When it comes to banks, insurance companies, NBFCs, pension funds and other Debt investors use Vivriti Capital as it helps them with an intelligent system that targets investors. It is a one-stop shop for all the debt requirements of its target clientele.

    28. CredAvenue

    Founder: Gaurav Kumar

    Founded: 2017

    Industry: Fintech, Financial Services, PaaS

    CredAvenue Logo – Chennai-based startups of India

    CredAvenue is a unified digital platform, which is fully integrated and built with an aim to help the investors discover, trade, execute and fulfill debt solutions. CredAvenue is hailed among the debt platform service providers for having the most comprehensive bouquet of debt products. CredAvenue is already a unicorn company, which joined the unicorn club of the Indian startups on March 6, 2022, after raising $137 mn in funding, and has huge potential for growth ahead!

    29. CreditMantri

    Founders: Gowri Thyagarajan Mukherjee, Ranjit Punja, Sudarshan Rajasundaram

    Founded: 2012

    Industry: Credit, Fintech, Financial Services

    CreditMantri Logo – List of Startups from Chennai

    CreditMantri is a Chennai-based digital credit services management platform that provides credit and financial reports to users based on their credit history. CreditMantri helps the users to understand the status of their credit health, and build their credit profile, all driven by data.

    30. TenderCuts

    Founders: Nishanth Chandran, Sasikumar Kallanai, Varun Prasad Chandran, Venkkatesan R.

    Founded: 2016

    Industry: D2C Meat, Food and Beverage

    TenderCuts Logo – Chennai-based Startup

    TenderCuts is an online meat ecommerce company that offers a wide range of meat including chicken, mutton, seafood, eggs, cold cuts, ready-to-eat products, and more. With headquarters in Chennai, TenderCuts provides 120 minutes doorstep delivery of its products for the persons living in Chennai and Hyderabad.

    Conclusion

    This was our list of prominent Chennai-based startups. If you know about any other startups in Chennai that are not covered in this list please contact us. We would love to include them in this post.

    FAQs

    What are the Top 10 companies in Chennai?

    The top 10 companies in Chennai are:

    What are the product based companies in Chennai?

    Zoho Corporation and Freshworks are the top product-based companies in Chennai.

    How many startups are there in Chennai?

    There are over 500 startups in Chennai.

    What are some effective small business ideas in Chennai?

    Some of the most powerful small business ideas in Chennai are:

    • Event planning
    • Electronics repair
    • Printing/photocopying
    • Hotel business
    • Eateries
    • Tour guide
    • Gift shops
    • Tatoo parlour

    What are some of the best IT companies in Chennai?

    Some of the most popular IT company names in Chennai include:

    What is the best software company in Chennai?

    Zoho, the Chennai-based software suite provider is one of the best software company in Chennai. Some of the prominent software companies in Chennai are Cognizant, Advantix, Equiniti, Wipro, and more.

  • NestAway Success Story – Home Rental Has Now Become Easier!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by NestAway.

    The home rental has been a pretty rigid segment, particularly in India. Homeowners have qualms about hiring tenants and it’s not a smooth sail for the latter either. Unrealistic advance deposit demands, lack of proper amenities and facilities, and turbulent rental agreement fiasco are just some of the problems that hamper the entire process.

    NestAway, a Bengaluru-based startup has identified this crisis and is now setting things right. This is a detailed article about NestAway, how the startup came into being, and how it is operating to simplify the process of finding rented accommodation.

    NestAway – Company Highlights

    Startup Name NestAway
    Headquarters Bengaluru
    Founders Amarendra Sahu, Smruti Parida, Deepak Dhar, And Jitendra Jagadev
    Sector Real Estate , Home Improvement
    Founded 2015
    Total Funding $109.1 mn (2021)
    Valuation $330 mn (2019)
    Parent Organisation NestAway Technologies Pvt. Ltd.

    NestAway – Latest News
    About NestAway and How it works
    NestAway – Founders and Team
    NestAway – Startup Story | How It Began
    NestAway – Mission and Vision
    NestAway – Name, Tagline and Logo
    NestAway – Services
    NestAway – Business Model
    NestAway – Revenue Model
    NestAway – Funding And Investors
    NestAway – Revenue/Annual Turnover
    NestAway – Growth / Valuation
    NestAway – Partners
    NestAway – Acquisitions And Mergers
    NestAway – Challenges
    NestAway – Competitors
    NestAway – Awards and Achievements
    NestAway – Future Plans
    NestAway – FAQs


    List of Top Rental Startups in India | Exhaustive Llist 2020
    Startups based on rental apps (for handheld devices and computers) provideservices to people for leasing cars, bikes, rooms, homes or heavy equipment.Rental startups are built to facilitate a way for people to experience something without the need of owning it. One can thus think of driving that…


    Nestaway – Latest News

    January 19, 2021 – NestAway sold off the society and apartment management platform, ApnaComplex to Anarock Group within a year of its acquisition.  

    About NestAway

    NestAway is a concept. It’s a solution. It’s fixing something that’s grossly wrong. Actually, it’s a concoction of the three. It is a new concept for homeowners, a solution for tenants, and it’s fixing the youth housing crisis in cities.

    Founded in 2015, NestAway Technologies Pvt. Ltd. is headquartered in Karnataka. It is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

    The app helps the users find, book, and move into a rental home of their choice across various Indian cities. One can move in, ask for services from tap leakage to broken door locks, pay rent, and finally move out. The Nestaway app is available for Android and iOS.

    NestAway has also forayed into the co-living segment. In 2019, it officially announced the launch of its independent subsidiary, Hello World. Hello World, focuses on co-living and student housing and is present in 15 Indian cities. Hello World claims to have 10,000 beds and 90% occupancy rate. It will be led by NestAway co-founder Jitendra Jagadev.


    Coliving startups Bangalore Delhi and Mumbai
    Moving away from the hometowns to settle in big cities can be difficult. On topof that finding a good place to stay can be quite a daunting task. With limitedfacilities in college and university hostels, there is a need for budgetaccommodation within the vicinity. Also, the nightmare of dealing w…


    NestAway – Founders and Team

    NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015. It was an aggregator of shared and furnished apartments for bachelors in the beginning before adding full homes for families in its catalog.

    NestAway Founders 

    Amarendra Sahu

    Amarendra Sahu is the CEO of NestAway. He is a Computer Science engineer from NIT Surathkal and has an MBA from IIM-B. Amarendra has past experience of working at Alcatel-Lucent, Juniper Networks, and Cisco as a Software Engineer and Senior Software Engineer after which he co-founded BrizzTV Media Labs Pvt Ltd. Sahu is now a Co-founder of BrizzTV along with serving as a Co-founder and CEO of NestAway.

    Jitendra Jagadev

    Jitendra Jagadev is currently known as the Co-founder and Board Member of NestAway and has earlier served as the COO of the startup. He graduated from NIT Karnataka and has previously worked with companies like Philips, Cisco, and Ojas Venture Partners, before joining the founding team of NestAway. Jagadev is also the CEO of Helloworld Technologies India Pvt. Ltd.

    Smruti Parida

    Smruti Parida was the Co-founder of NestAway, and had also served as the CTO of the startup. Smruti is an IT graduate from NIT Karnataka. He was with Microsoft and United Online and worked as the Software Design Engineer and Program Manager 2 and Senior Software Engineer respectively before devoting himself to the company. Smruti quit NestAway on October 23, 2019. Smruti had also co-founded Zero Heights Technologies Pvt Ltd. previously and is currently working as a Founder at AutoSave.

    Deepak Dhar

    Deepak Dhar is an IT graduate from NIT Karnataka. Being a co-founder, Deepak was responsible for the product and user experience divisions at NestAway before leaving the startup in June 2019. Before joining NestAway, he worked with companies like Aceva Technologies, Fidelity Investments, and Royal Bank of Scotland. He also led Citruspay (acquired by PayU) as a Founding Member and Operations Head. Deepak Dhar quit Nestaway in June 2019 to startup a fintech venture but he will continue to be a director in the company. He co-founded Repute in October 2019.

    NestAway owners Amrendra, Smruti, Deepak, and Jitendra are all serial entrepreneurs. Amrendra and Jitendra co-founded Brizztv, Deepak was a part of the founding team of Citrus Payment Solutions, and Smruti founded ‘Sen6’—an art marketplace. NestAway has anywhere between 200-500 employees, according to the latest records.


    NoBroker Success Story – Business Model | Revenue | Founders | How it Works
    The content in this post has been approved by the organization it is based on. Anything that has to do with real estate, specifically as a purchaser, isconvoluted and often, annoying. The constant nagging by middlemen and sellers,lack of fluid communication, and running helter-skelter to get the …


    NestAway – Startup Story | How It Began

    When Amarendra Sahu came to Bangalore in 2004, he had trouble finding a house to rent. Unmarried individuals are never the first choice of the house owners. Besides, renting in decent localities is not always reasonable.

    Amarendra wanted to solve this problem and went about setting up NestAway with the help of friends. In June 2014, his friend Jitendra Jagadev’s house in Whitefield became the site of an experiment.

    Amarendra recollects, “We took furnishing from Furlenco, took some pictures of the house, and posted it on Facebook. There were four beds in the 2 BHK – all sold in a day. Out of the seven girls who came to visit, six wanted it and four got it.”

    This was the story behind NestAway’s inception which has established itself in a surprisingly short amount of time.

    NestAway – Mission and Vision

    Nestaway’s core vision is “to provide young people value-for-money spaces with convenient solutions and amenities.” The steering vision was to make living easy and hassle-free.

    Nestaway is fueled with a mission to provide homes for everyone, without discrimination. The mission of the company was not just to find homes, but to help the youth set up in a new city without any hassles.

    With the onset of the new year 2022, NestAway has come up with a new tagline that goes “New Year, New Home.”

    NestAway new Logo
    NestAway new Logo

    SimplyGuest – Coliving, PGs and rented apartments in Bangalore
    Today, with everything available on the touch of our fingertips, finding a houseis yet a particularly difficult task. Subbu Athikunte, Ambareesha Athikunte,Mayank Pokharna thought of making it hassle-free and consistent experience. Soin 2015, they came up with their startup SimplyGuest to make b…


    NestAway – Services

    NestAway is India’s fastest growing “Home Rental Network” which provides better rental solutions via design and technology. The units are ready-to-walk in homes and with different schemes based on the tenant’s requirement—a bed, a room, or a complete house. From 1 BHK flats to 8 BHK luxury villas with state-of-the-art facilities, the company caters to all kinds of customer needs. Homes come with cot, mattress, sofa, TV, fridge, washing machine, and a furnished kitchen. Besides, fully furnished apartments, semi-furnished and unfurnished apartments are also listed on NestAway.

    Some major USPs of NestAway are:

    • Guided house visits: Tenants are given a guided tour of the house they are interested in.
    • Rent on time: Ensures timely rent every month.
    • Zero paperwork: The company does all the paperwork such as agreement creation.
    • House safety: The company ensures that the house stays in good condition.
    • House maintenance: It provides on-demand and periodic house repairs. By subscribing to NestAway Assure, house owners can avail the facility of 100% free maintenance, cleaning, and repairing services.
    • Marketing and promotion: It promotes the properties registered with it through ads and other rental platforms.
    • Easy move-in and move-out policy: NestAway allows easy move-in and move-out facilities to tenants. Tenants can simply visit the website or use the app and schedule move-in or move-out dates according to their convenience. The move-out policy allows tenants to leave before the license end date. They can shift to the new house by notifying just two days before the planned move-in date.
    • Zero Deposit: NestAway has tied up with agencies to provide zero deposit offers, whereby tenants can move in by paying the booking amount without any advance deposit.
    • Pet-friendly: It allows animal lovers to find pet-friendly homes.
    • Open guest-hosting policy: It allows tenants to host guests responsibly without causing inconvenience to fellow tenants.

    The lock-in period is of 6 months. Unless mentioned otherwise in the agreement, the minimum stay is 6 months. However, this may vary in different cities. NestAway does not impose any move-out charges. However, if a person moves out before completion of the lock-in period, he has to pay one month’s rent as move-out charges.

    The rent is determined considering the given factors:

    • Area and location of the house.
    • Tenancy type, i.e whether a full house, a room, or a bed is taken for rent.
    • Condition of the house.
    • Size of the house.

    The best part for the homeowners is that the company ensures that the rent is paid before the 5th of every month.


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    The office ambiance and décor plays a very important role in the analysis anddefinition of the experience of employees and clients in the 21st century. As abusiness, the ability to display an edge and personality has become aprerequisite. To instill a communicative and collaborative aesthetic to …


    NestAway – Business Model

    NestAway has a sound business model. It is a one-stop service provider for tenants and house owners where neither has to pay any brokerage fee.

    The company serves as a broker and property manager for homeowners by helping find tenants, collect rent, and manage the property over its lifetime in exchange for a percentage share of the rental stream.

    Amarendra explains the business model, “You can rent just a room, or the whole house. Our area manager will arrange the visit according to your preference. Once you are satisfied with the house, you can book it online. If you stay in the house for three days and don’t like it for any reason, we refund with full deposit. NestAway’s popularity grew mainly through word-of-mouth, with digital marketing spend in the early days being less than 10 percent of total expenses.”


    Real Estate Business Ideas you can start in India
    The business of real estate is serious business and today, it is almost become agold mine. Truth be told, there are many entrepreneurs[https://startuptalky.com/tag/entrepreneurs/] who have tapped into it and aremaking millions. People are always on the lookout to buy houses and buildingsand are …


    NestAway – Revenue Model

    NestAway runs on a very simple revenue model. It manages a homeowner’s rental property throughout the rental life cycle, from showing the house to a prospective tenant and closing the rental agreement, to collecting rent on the owner’s behalf and assisting the tenant and owner during move-out.

    For all these services, the company charges the owners a fixed percentage of 12.5% of the total rent generated from the home as its commission. NestAway does not charge any brokerage or charges from the tenants apart from rent


    PropStory – Data-Driven Platform for Real Estate Buyers & Investors
    In the next ten years, the real estate sector is expected to grow to a US$ 1trillion economy from over US $150 Billion today. The digital contribution ofadvertising, content marketing & pre-sales processes are meager as of todaywhile we see a heightened move towards an aggressive digital push whe…


    NestAway – Funding & Investors

    NestAway Technologies has raised over $109.1 Million in funding from 9 rounds of funding it saw to date. In the latest round, it raised a funding of $4.70 Million from Goldman Sachs on September 17, 2019.

    Date Stage Funding Amount Investors
    September 17, 2019 Series D $4.70 Million Goldman Sachs
    May 13, 2019 Series D $10 Million Tiger Global Management & Chiratae Ventures
    October 17, 2018 Venture Undisclosed InnoVen Capital
    August 7, 2018 Venture Undisclosed Epiq Capital
    March 1, 2018 Series D $51 Million Goldman Sachs
    April 15, 2016 Series C $30 Million Tiger Global Management
    February 28, 2016 Venture Undisclosed Ratan Tata
    July 21, 2015 Series B $12 Million Flipkart, Tiger Global Management
    March 16, 2015 Seed $1.2 Million Undisclosed

    Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are some of the Investors in NestAway. Also, NestAway is in talks with multiple investors including Fosun International and Shunwei capital for $100 Million that it might be seeing ahead.


    RentoMojo Company Profile – Business Model | Competitors | Funding | Founder
    Millennials today only believe in sharing rather than owning. Be it workspaces,cabs, or even furniture. As we move forward through the years, we see more andmore modernization of the things that were done quite traditionally by oldergenerations. To bring the air of contemporary change in the rent…


    NestAway – Revenue/Annual Turnover

    According to Wikipedia, NestAway registered lower growth in revenue in 2017-2018 as compared to 2016-2017. Its revenue increased by 533% in 2016-2017 whereas, in 2017-2018, it increased by only 28.7%. As per ROC filing, its revenue from operation in FY 2018 is Rs 46.98 crores. Again, the losses increased from Rs 134.24 crore in 2016-2017 to Rs 203.79 crore in 2017-2018.

    The company claimed to earn $2 million worth of revenue each month, as of 2019’s reports.

    NestAway – Growth/Valuation

    NestAway is currently present in over 16 Indian major cities, as of September 2020. It is managing over 60,000 homes across the country. Over 10,600 house owners and 72,400 tenants are registered with it. About 40% of the new bookings now come from the family segment with the ratio being at 65:35 for shared versus family rental houses.

    In Bengaluru, where typically rental advances are of 10 months, the company offers homes on two-month deposits. The company claims to earn a monthly revenue of around $2 Million. NestAway gets a commission of 12.5% in each rental agreement.

    After a Series D funding of $51 million raised in March 2018, NestAway’s valuation was at about $200 million. It raised two more rounds of funding after that. However, the exact net worth or valuation has not been confirmed by the company.

    In 2019, NestAway ventured into the co-living and student housing segment by launching a new brand,Hello World‘. ‘Hello World’ which began in May 2019, currently has a capacity of around 10,000 beds and is operational in 16 cities, including Bengaluru, Hyderabad, Delhi-NCR, Pune, Kota, and Dehradun. The startup boasts 90% occupancy rates. Hello World charges zero brokerage and one-month rent for a security deposit. NestAway has plans to introduce ‘Hello World’ in nine more cities, thus increasing the number of beds to over 50,000.

    In the wake of COVID-19, Bengaluru-based home rental startup NestAway has taken a host of measures to support its users and property owners. To start with, the company has reduced the onboarding charges by 50% for anyone who had planned to move into Nestaway’s properties before the lockdown was put in place.

    Also, Nestaway is allowing all the frontline workers to stay at its properties with 100% off on onboarding charges. For property-owners, which are tied-up for more than two years, the startup has set up an INR 50 Lakh fund to support them in these hard times.

    For migrants struck in Kota, Nestaway has provided free stay and food under the ‘Hello World’ initiative. More than 30 migrants and 30 healthcare staff have lived at Hello World’s properties since the COVID-19 outbreak. One building in Kota has been dedicated to healthcare staff with food and basic facilities. Furthermore, NestAway has also extended canteen services for doctors and guards and hostel managers.

    NestAway – Partners

    NestAway uses Localitics, a real estate statistical data science platform that not only predicts where rental demand is going to grow, but also where new houses are going to spring up. Today, Localitics is used for evaluating all the cities in India where the company is present and churns out data to help them target the next set of cities.


    Fabrento Success Story – Why Buy When You Can Rent Furniture!
    The society and the world have welcomed the idea of shared economy. Today’syoungsters have understood the many benefits of sharing and renting rather thanbuying. It saves time and money and that is why we see a rise in car rentalservices, shared apartments and holiday homes, rented outfits and so…


    NestAway – Acquisitions And Mergers

    NestAway has acquired 3 organizations. Their most recent acquisition was StayAbode on Mar 2, 2020. However, it has later sold ApnaComplex, which makes the proptech startup the owner of the 2 other companies, Zanify and StayAbode.  

    It acquired a smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount in May 2017. This move will help them expand their offerings for families.

    In February 2020, the company acquired the apartment management platform ApnaComplex. ApnaComplex is a 10-year-old startup and the platform offers tools to manage various aspects of the residential complexes like organizing public events, raising complaints, society billing/accounting, and much more. The company will now provide home services like cleaning, painting, pest control services, etc. to the registered users of ApnaComplex. However, within a year of its acquisition, the proptech startup decided to let ApnaComplex be acquired by Anarock on January 19, 2021.

    Acquiree Name Acquired Date Price
    StayAbode March 2, 2020
    ApnaComplex February 13, 2020
    Zanify May 7, 2017

    NestAway – Challenges

    One of the major challenges for the company was finding the right investors because it was the first business in this arena and some skepticism. Now, it is one of the highest funded Indian startups.

    In the initial stage, earning the house owner’s trust and convincing them to register was difficult. To solve this issue, it started offering a ‘rental default guarantee’ that guaranteed NestAway paying the house owner rent in case the tenant did not pay on time.

    Some house owners don’t consent to give their house for rent with two months’ rent as deposit money and expect more. However, this scenario has been bettered with the arrival of NestAway where the users need to pay two months’ rent as the tenant and the company pays the difference.

    NestAway – Competitors

    There are many companies and websites like this that list properties for rent. The Major competitors of NestAway are:

    What sets NestAway apart from its rivals is that it provides end-to-end solutions to tenants and house owners by taking care of everything—creating the rent agreement, rent collection, house maintenance, etc. In short, it mediates throughout the rental life cycle.

    NestAway – Awards and Achievements

    NestAway has been conferred upon a list of awards and recognitions throughout the years. One of the proudest moments for NestAway was when the founders of the company achieved the Comeback Kid Award on August 18, 2017.

    NestAway – Future Plans

    NestAway is planning to introduce ‘Smart Homes’ by launching the Smart Lock service for all homes. Smart Lock is a safety locking system that ensures security for people staying in their homes, especially for women. This service will be available on their app for both Android and iOS devices. The company is planning to venture into the women’s housing and senior housing sector by 2020.

    Another area of focus for NestAway will be student housing. With 10.4 million migrant students and only 6.1 million beds as the current official supply, there is an increase in demand for student housing which continues to increase day by day. Cashing in on this opportunity, it is strongly focusing on student housing and aims to start operations in Kota (Rajasthan) followed by Delhi (North Campus), and Bangalore. NestAway is also looking to expand PAN India and conversations are going on with progressive builders for exclusive properties earmarked for students.

    The brand continues to concentrate on the concept of co-living, wherein it takes up the entire building including the shared facilities such as gym, libraries, common areas, game room, and others. Through this concept, NestAway Technologies is trying to create a community for members with common interests to engage in yoga/salsa classes, have talk sessions from seasoned entrepreneurs/sportspersons, entrepreneurial knowledge sharing meets, and collaborate on other exciting avenues.

    NestAway – FAQs

    Who are the Founders/Owner of NestAway?

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

    What is NestAway?

    NestAway is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.

    Who is the CEO of NestAway?

    Nestaway CEO and Co-founder is Amarendra Sahu.

    Who are the Top Investors of NestAway?

    Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are the Investors in NestAway.

    How much Funding did NestAway raise till date?

    NestAway Technologies has raised over $109.1 Million in funding from 9 rounds. In the latest round, it raised funding of $4.7 Million from Goldman Sachs in September 2019.

  • Top 10 Real Estate Websites: Finding Home Is Easy

    According to a survey done by top 10 real estate websites in 2017, 51% of the total home buyers found their home on the internet. In fact, people do depend and trust on real estate websites to make a purchase. So, here are the top 10 real estate websites that you can refer to before buying a property.

    You can use these top 10 real estate websites if you are searching for a new real estate website provide. These sites will provide with resources to help potential buyers as well as sellers. Let’s get to know about these websites.

    Here’s how to start a real estate business in India | Startuptalky
    Real estate. This industry is all about interpersonal relationships. Numbers,statistics, data, and all other aspects of a typical business are renderedirrelevant unless you are skilled in bonding with people. Real estate deals withsome of the most important moments in a person’s life- like buying…

    99Acres

    free property sites in india_startuptalky
    99Acres

    In India, 99Acres is one of the top real estate websites that provides for real estate agents, brokers and customers. It helps the user to find a property in more than 50 cities. With a user-friendly website and a mobile application, this website has won GSF Mobile Appies Award Winner 2015 under the real estate category. It also has become the 2nd largest property portal with an Alexa ranking of 140 in India.

    MagicBricks

    MagicBricks is not only one of the top 10 real estate websites but also deemed the most preferred property website in India. This has been reported by an independent survey. At present, this website has over 7000 properties for sale. A venture of Times Of India, this website is managed by Bennett, Coleman & Co. Ltd.

    top 10 real estate websites_startuptalky
    MagicBricks

    It also features a number of new projects according to the user’s choice. Not only that, but the user can also get information about home loans, legal, taxation, home insurance, and government policies related to private properties.

    Housing.com

    best property websites_startuptalky
    Housing.com

    One of the most verified property listing websites, it currently has over 1 lakh sellers on its website. Founded in 2012 and known to have a commanding presence in Mumbai, Maharashtra. As it supports both Android as well as iOS users, it is capable of catering a vast audience all over the country. It has presented over 40 cities in India with an Alexa ranking of 318.

    Sulekha Properties

    real estate india_startuptalky
    Sulekha Properties

    With an Alexa rank 99, Sulekha Properties comes under the top 10 real estate websites to refer. Its features include regularly upgrading of  their database. It also uses a few strategies to ensure smooth communication between brokers and home buyers. Learn about price trends as well as a few best investments projects in your chosen location.

    Address Advisors- Banglore Property Broker | Company Profile, Real Estate Consultant Firm
    The content in this post has been approved by the organization it is based on. Real estate sector is one of the most globally recognized sectors. Itincorporates four major asset classes: residential, retail, hospitality, andcommercial. The growth of this sector is well complemented by the growth …

    NestAway

    real estate india_startuptalky
    NestAway

    NestAway claims themselves to be ‘India’s fastest-growing managed home network.’ It was founded in January 2015 by four Bengaluru based entrepreneurs Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Parida. They ensure the user a very easy and user-friendly way to find a living environment for everyone seeking for a house.

    Quikr Homes

    Best real estate websites_startuptalky
    Quikr Homes

    One of the top 10 real estate websites that have been a game-changer in the aspect of the realty business. The website offers its user to independently connect with buyers and sellers online. The versatile interface has made Quikr grow really fast. Besides real estate, Quikr also offers service in various other fields as well. An all-rounder, ready to serve with just a click.

    CommonFloor

    If you are looking to buy or rent a property in top tier cities, then CommonFloor is your option. It has a connection in cities like Bangalore, Mumbai, Pune and New Delhi.

    real estate india_startuptalky
    CommonFloor

    This one is relatively a new website founded by IITians it has an exclusive feature added. It allows the user to get an experience of the live visit to the properties. This feature is known as CommonFloor Retina, which is blended with a unique virtual reality technology. Selecting a property is much easier which makes it one of the top 10 real estate websites.

    IndiaProperty

    Another website in the list, IndiaProperty is also known for its unique way to serve the user. It ensures end to end assistance before buying the property. But this is not the end. They provide assistance even after you are done with your buying process.

    top 10 real estate websites in india 2020_startuptalky
    IndiaProperty

    IndiaProperty also enables its user to experience a built-in technology for 3D floor plans and virtual tours. These ensure that the buyers get a personalized feel while visiting their selected properties online.

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    OyoLife

    Started as hotel website, Oyo is really growing its branches and has added its name among the top 10 real estate websites very quickly. It has offered a much versatile service and has updated accommodation for the users.

    top 10 real estate websites in india 2020_startuptalky
    OyoLife

    Currently, OyoLife has a presence around 11 cities in India. It provides the buyers with basic amenities like housekeeping, internet, kitchen, etc that are available in every house they provide.

    PropTiger

    top 10 real estate websites in india_startuptalky
    PropTiger

    One of the best home buying websites that allow its user to have the best experience to its clients. It also helps in assisting them with matchless guidance throughout the journey. Their basic services include discovering, buying, renting, selling and financing a home. They operate throughout the country. Although people finding a resident in places like Mumbai, Bangalore or Pune will get a better experience.

    These top 10 real estate websites will help you reach up to the best and suitable property you are looking for. It is important to get acquainted with the features that are available in each site. Although all these websites are highly user-friendly, you will still get better options if you know how to browse into the corners to get the best results.