UC-RNT, an investment fund established by University of California and Ratan Tata, has contributed to a funding round for NestAway, whose shareholders already include Flipkart.
NestAway, an India-based accommodation rental platform backed by e-commerce firm Flipkart, has received $50m in funding from investors including investment fund UC-RNT, Times of India reported today, citing unnamed sources.
IDG Ventures India and Tiger Global Management also participated in the round, which valued NestAway at $180m to $200m post-money. UC-RNT was launched in August 2016 by University of California and Ratan Tata, chairman emeritus of conglomerate Tata Sons.
The round could be extended to as much as $80m,…
