India, February 13, 2020 / Big PRwire/ — Home rental startup NestAway Technologies Pvt. Ltd has acquired apartment management platform ApnaComplex for an undisclosed amount. The acquisition will help Nestaway expand its property management business.

ApnaComplex is a 10-year old startup that offers residents of buildings a platform, primarily to help them settle apartment bills, raise complaints, book common facilities and organize public events.

Nestaway offers a range of home services such as painting, pest control, and deep cleaning. The acquisition will allow Nestaway offer its services to apartment residents that are currently registered with the ApnaComplex platform.

This is Nestaway’s second acquisition since its launch in 2015. In 2017, it had acquired its smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount to expand into the family housing segment.

Amarendra Sahu, CEO of Nestaway, said, “Our association with ApnaComplex will enable the residents to not only an easy, seamless and trustworthy way to rent their apartments to families but also get better offers in a range of high-value home services including painting, pest control or deep cleaning at fraction of the market rate that NestAway has been delivering in its network. And their national scale will help us reach a much larger audience in not just Bangalore, but across India as well.”

With this acquisition, ApnaComplex’s 20,000 societies spread across over 80 cities will get access to Nestaway’s services. ApnaComplex will retain its brand and will continue to operate independently after the acquisition and will continue to focus on its core segment of apartment societies.