NestAway has lost some of its mojo
It is increasingly becoming difficult to tell if the rental platform’s problems are because of the pandemic or chinks in its business model.
7 October, 2020•12 min
0
7 October, 2020•12 min
0
Getting your Trinity Audio player ready...
Why read this story?
Editor's note: NestAway has been getting slammed of late. Rajeev Kumar says he has had it with the online rental platform. The IT professional has been back in his hometown, Patna, for over five months now and just can’t figure out how he can get NestAway to give back the security deposit he put down for the flat he took on rent in Bengaluru. NestAway won’t say if or when it will refund the Rs 60,000 deposit. Kumar has tried everything from calls to emails to social media but the company’s silence would put a corpse to shame. Kumar’s is not a lone case. Soham Deb from Bengaluru hasn’t received a single penny as rent since July, but NestAway has refused to help. Deb isn’t taking it lying down, and is now going around telling other landlords his story of working with the company. It is a cautionary tale of an unresponsive platform that touches a chord with most landlords. There are several accounts online of tenants and property owners, talking of long delays in return of security deposits and overcharging for …
More in Internet
Internet
Is Jar at fault or a victim of poor regulation?
Faced with allegations of being a deposit business, the digital gold-focused startup finds itself at a crossroads.
You may also like
Internet
What Pronto’s $25-million fundraise isn’t telling us
The 10-minute house help startup has generated plenty of buzz. But its funding, valuation and founder dilution details suggest a complicated future.
Internet
Why Swiggy, Zomato, Zepto can’t deliver food in 10 minutes
With Swiggy joining the list of companies shutting down their ultra-fast food delivery services, we look at what’s plaguing the 10-minute food delivery sector. And whether there’s any hope at all for those trying.
Internet
Inside the math of instant help startups
Millions of VC dollars are being splurged to service the last-minute needs of Indians—little revenue, increasing cash burn and far too many variables. At what point does it all come together?