Tuesday, May 9, 2017

NestAway Technologies acquired Zenify

Home rental platform NestAway Technologies has acquired Bengaluru-based home aggregator and rental management company Zenify for an allstock deal.

Zenify will continue to operate as an individual brand under the NestAway umbrella and will add to the family rentals business.

CEO of NestAway Amarendra Sahu said, The current acquisition will add 4,000 homes to NestAway's family rentals business. Zenify will continue to operate as a separate brand under the NestAway umbrella and we will do some cross-linkages in terms of inventory on the family rentals business. Zenify will not list any shared properties. Going forward we will figure out what is working on each of the platforms and think about merging or not.

Also read: Genpact acquired BrightClaim

The platform had close to 1,000 family properties listed on it out of the 10,000-plus homes under management across eight cities in India.

Cofounder of Zenify Ankur Agarwal said, We are really happy and excited to be part of NestAway family. With coming together of the two biggest players in the real estate services segment, we will leap ahead of the competition.


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