Aurum Proptech Trims Losses in Full Year Results

Aurum Proptech, the parent company of India-based rental platform NestAway, posted INR2.6 billion ($31 million U.S.) in consolidated operating revenue for the 12 months ending March 2025, marking a 23.2% year-on-year increase.

Total income for the Mumbai-listed company reached INR2.8 billion, with the rental segment contributing INR1.6 billion. The segment, which includes co-living platform HelloWorld and NestAway, grew revenue by 27% year on year.

Losses narrowed for the group, with the after-tax deficit shrinking 34.7% to INR412 million, compared to INR659 million in the previous year. The rental segment’s losses also narrowed, falling 17.6% to INR145 million. Overall expenses rose 6.4% to INR3.3 billion, while employee costs dropped by nearly 11% to INR786 million.

Aurum moved to consolidate its tech stack, increasing its stake in CRM business Sell.do from 44% to 83.6% in September 2024 for INR240 million. The platform is one of several proptech components Aurum has brought together under its integrated real estate ecosystem.

Despite the growth, Aurum’s NestAway acquisition continues to attract scrutiny. In June 2023, the company acquired the once high-flying rental platform for INR900 million — a steep discount from its previous INR18 billion valuation.

The sale has since become the subject of legal proceedings, with former NestAway CEO and co-founder Amarendra Sahu filing a police complaint alleging fraud and coercion. Aurum currently holds a 98.7% stake in NestAway. The company has not commented publicly on the complaint.