Bengaluru-based Home rental network, Nestaway is all set to open a space for bootstrapped startups by calling its tenants and homeowners to launch a six-month equity-free incubation programme. The incubation programme is a one-of-a-kind proposal where it allows startups to test products and services.
The incubation programme is in partnership with Excubator which is a fiduciary initiative by Tiger Global and Goldman Sachs backed company to empower early-stage founders to get access to its clients/customers by providing housing and investor connections.
“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 is an online home rental marketplace for bachelors and families which provides fully furnished and well-maintained rooms and flats for rent without any brokerage fee. Founded by Amarendra Sahu, Jitendra Jagadev, Smruti Parida and Deepak Dhar in 2015. It operates in 9 different cities across India which include Bangalore, Mumbai, Pune, Noida, Delhi, etc.
Nestaway with the new proposition said on its blog post that, “We’ve absolutely no monetary expectations.”
Nestaway Startup Lab focuses on hosting around 4 shortlisted startups from March as its first batch.
Pretty cool! Nestaway is the first Indian startup to launch the incubation lab to the bootstrappers. what’s more refreshing than this news to start your day.