Nestpick

Last updated
Nestpick logo Nestpick logo.svg
Nestpick logo
Nestpick
Company typeOnline platform
IndustryReal Estate
Founded2016, Berlin, Germany
FounderOmer Kucukdere
Anil Yeni
Headquarters Berlin
Key people
Omer Kucukdere (CEO)
Website www.nestpick.com

Nestpick is an online platform for on-demand housing; month to month rentals of furnished apartments & rooms, operating worldwide. The website facilitates an easy exploration of a wide range of furnished apartments, rooms and student accommodation. Offers from many international providers are aggregated on the Nespick website. The service is targeted mainly at expats and students relocating nationally and internationally, searching for furnished mid- to long-term accommodation in unfamiliar cities.

Contents

Information is provided on the Nestpick website about each city, such as costs to expect when moving to the city, information about different areas of the city, and advice concerning student life in the city.

nestpick previous logo Nestpick company logo.jpg
nestpick previous logo

History

Nestpick was founded in Rotterdam in 2014 by German entrepreneur Fabian Dudek and Dutch tech entrepreneur Peter Hofman. Dudek founded Nestpick in response to his difficulty in finding appropriate student accommodation at the time of his studies. He perceived the role of agencies as negative as they were not really helping his search successfully and he was concerned with the high number of scams happening in the real estate market. Together with co-founder and CTO Peter Hofman they built the foundation of Nestpick and in December 2014 Dr. Patricia Moubarak, a former surgeon, Foodpanda director and McKinsey & Company principal, joined Nestpick as COO and co-founder.

The company experienced rapid expansion since its founding, culminating in Dudek winning two awards for young entrepreneurs in the Netherlands, [1] and an investment from Berlin-based startup incubator Rocket Internet. [2] [3] The company subsequently moved from Rotterdam to Berlin. Nestpick added more cities and countries to its platform, [4] [5] resulting in a total of 25 cities and 8 countries in which the company offered its services. [6] 2015 also saw the company criticised for failing to adhere to its own quality standards, vis-a-vis verification of listed properties. [7]

Towards the middle of 2015, the company was restructured and began implementing a growth strategy. On 2 November 2015, nestpick closed its Series A funding, receiving €11 million USD from Mangrove Capital Partners, Target Global [8] and Rocket Internet. [9]

In April 2016, nestpick made 46 of its 66 employees redundant. [10] Fabian Dudek [11] and Patricia Moubarak [12] left the company shortly afterwards, and the management of the company was passed over to Rocket Internet. Ömer Can Kücükdere (former managing director of Clickbus) became the CEO of Nestpick in August 2016. [13] Since then the business model of Nestpick has changed to its current one, being an international platform for furnished apartment rentals optimized specifically for expats and international students but also suitable for anyone wanting to rent month to month furnished apartments. Nestpick currently has 37 employees and is operating in more than 2000 cities worldwide.

Concept

Nestpick brings together mid- to long-term furnished properties providers and their international clientele on a metasearch engine, where furnished rentals can be easily compared. Providers advertise real estate properties on a pay per click basis or pay per lead basis. Nestpick could be compared to any other aggregator websites such as Skyscanner or Trivago. Using this approach the company aims to streamline the rental process, allowing the tenant to rent a property safely from anywhere in the world without first making a viewing. Nestpick also provides information on its website about the cities it operates in.

Nestpick Studies

Nestpick also conducts studies concerning cities internationally. Studies directed so far, compare cities with respect to LGBT, [14] attractiveness to millennials [15] and allure for professionals looking to work in startups. This is in the aim of providing a more full image of an unknown city compared to other international cities, in the interest of anyone looking to relocate.

Nestpick Scholarship

Nestpick offers scholarships aimed to reward students worldwide, that are actively helping the community. This is in order to help students with their accommodation costs which can often be burdensome.

Competitors

Nestpick doesn't currently have any direct competitors, apart from every other person in the world renting furbished apartments.

Locations

As of July 2017 Nestpick is active in 33 countries and available in English, Spanish, German, French and Italian.

Related Research Articles

<span class="mw-page-title-main">Vacation rental</span> Furnished dwelling for short-term stays

A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. The term vacation rental is mainly used in the US. Other terms used are self-catering rental, holiday home, holiday let, cottage holiday and gite.

<span class="mw-page-title-main">Airbnb</span> Online platform for rental accommodations

Airbnb, Inc. is an American company operating an online marketplace for short- and long-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. Airbnb is the most well-known company for short-term housing rentals.

9flats is an online marketplace enabling people to lease or rent short-term lodging. The company does not own any lodging; it is merely a broker and receives commissions from both guests and hosts in conjunction with every booking.

<span class="mw-page-title-main">Uniplaces</span>

Uniplaces is an online marketplace for booking student accommodation. Based in Lisbon, the platform was founded in 2012 by Miguel Amaro, Mariano Kostelec and Ben Grech. As of October 2015, students from over 140 countries have booked with Uniplaces for a total of more than 500,000 nights.

Wimdu, powered by HomeToGo, is an online marketplace for booking lodging, accessible by website and mobile app for iOS and Android. The company does not own any lodging; it is merely a broker and receives commissions from every booking. It is set up as a "clone" of similar websites. Wimdu searches and redirects users to the website that has the relationship with the lodging provider such as Expedia, Booking.com, HomeAway, Vrbo, Hotels.com, TripAdvisor, FlipKey, and Airbnb.

<span class="mw-page-title-main">Delivery Hero</span> Food delivery company based in Berlin

Delivery Hero SE is a German multinational online food ordering and food delivery company based in Berlin, Germany. Founded in 2011, the company operates in 70+ countries internationally in Europe, Asia, Africa, Latin and South America, and the Middle East, and partners with 500,000+ restaurants. Delivery Hero has increasingly branched out beyond food delivery, and is a leading player in the emerging category of quick commerce, which delivers small batch orders in under an hour.

Wise PLC, previously known as TransferWise, is a financial technology company focused on simplifying global money transfers. Headquartered in London, it was founded by Kristo Käärmann and Taavet Hinrikus in January 2011. As of 2023, it offers three main products: Wise Account, Wise Business, and Wise Platform.

Christopher Muhr is a German serial entrepreneur with investments and board seats in startups in Europe, Israel and North America. He is best known for co-founding Groupon International (Citydeal), Canadian Mattress brand Endy, prop tech startup McMakler and scaling Auto1 in the role of COO.

Lamudi is an online real estate marketplace with operations in 34 countries.

<span class="mw-page-title-main">Brainly</span> Educational technology company

Brainly is an education company based in Kraków, Poland, with headquarters in New York City. It is an AI-powered homework help platform targeting students and parents. As of November 2020, Brainly reported having 15 million daily active users, making it the world's most popular education app. In 2024, FlexOS reported Brainly as the #1 Generative AI Tool in the education category and the #6 Generative AI Tool overall. Also in 2024, Andreessen Horowitz reported Brainly as #6 in the Top 50 Gen AI Mobile Apps by monthly active users.

Zencap was a German company, operating a peer-to-peer lending platform, which allowed private savers to lend money directly to small and medium-sized businesses in Germany, Spain, and the Netherlands. Using the crowdfunding model, the company based in Berlin, Germany aimed to create a direct link between private lenders and small businesses seeking loans. As of December 2014, Zencap had facilitated 5 million Euro in loans to small and medium-sized firms.

Rocket Internet SE is a German Internet company headquartered in Berlin. The company builds startups and owns shareholdings in various models of internet retail businesses. The company model is known as a startup studio or a venture builder.

Mediakraft Networks GmbH is a German multi-channel network based in Munich. The company publishes and markets online video content and operates YouTube creator networks in Germany. Mediakraft Networks maintains offices in Munich, Cologne, Berlin, Hamburg, Warsaw and Istanbul.

OpenRent is an online letting agent and property service provider, founded in 2012. It is a UK-based startup company focused on technological solutions to property rentals. It claims to be the largest letting agent in the UK based on number of properties, boasting over 5 million users as of 2022.

Carspring was an online platform for buying used cars in the United Kingdom. Launched in March 2015, the company allows users to buy or finance used cars online.

EQT Ventures is the venture capital business of Swedish investment manager EQT AB Group. In May 2016, EQT Ventures announced its first €566m fund that makes minority equity investments in European and US tech companies ranging between €1 million and €50 million.

<span class="mw-page-title-main">Furlenco</span> Online furniture rental platform

Furlenco is an Indian online furniture rental platform that was incorporated in 2012.

Rentberry, Inc. is a global home rental platform based in San Francisco, USA, and founded in 2015. It was highly criticized and got controversial reviews from the US press such as Vanity Fair, The Wall Street Journal, The Independent, HuffingtonPost, etc.

Edi Demaj is a Kosovan-American serial entrepreneur based in the Detroit metropolitan area. He is best known for being involved in the development of Detroit as technology hub by founding a number of technology companies, including Rocket Fiber, a high speed ISP, and KODE Labs, a company providing cloud-based building automation software.

HousingAnywhere is a mid-term rental platform founded in 2009 and headquartered in Rotterdam, Netherlands. The company specializes in connecting international students and professionals with property providers, through its online platform, including booking and payment systems.

References

  1. ↑ "Nestpick wins LOEY awards". Erasmus Centre for Entrepreneurship. 29 October 2014. Retrieved 2021-09-11.
  2. ↑ Auchard, Eric (December 16, 2014). "Rocket Internet backs rental start-up looking to replace realtors". Reuters– via www.reuters.com.
  3. ↑ "Nestpick: Rocket Internet bringt Airbnb-Rivalen in Deutschland an den Start | t3n". t3n.de. Archived from the original on 2015-02-10.
  4. ↑ "Archived copy". Archived from the original on 2015-09-30. Retrieved 2015-10-09.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ↑ Ohr, Thomas (December 16, 2014). "nestpick, a platform for verified rental booking, starts its European expansion". EU-Startups. Retrieved 2021-09-11.
  6. ↑ Richters, Kim (2021-03-24). "Rockets Wohnungsvermittler Nestpick expandiert weiter". Business Insider. Retrieved 2021-09-11.
  7. ↑ "Archived copy". Archived from the original on 2015-10-11. Retrieved 2015-10-09.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ↑ "Target Global eröffnet Berliner Büro". Gründerszene Magazin. 18 February 2016. Retrieved 2016-02-18.
  9. ↑ O'Hear, Steve. "Rocket Internet-Backed Nestpick Raises $11M To Move Entire Rental Process Online". TechCrunch. Retrieved 2015-11-02.
  10. ↑ "Steht Nestpick vor dem Aus? (German)". Gruenderszene. 29 April 2016. Retrieved 2016-09-01.
  11. ↑ "Auf Druck der Investoren? Gründer Fabian Dudek verlässt Nestpick (German)". Gruenderszene. 6 June 2016. Retrieved 2016-09-01.
  12. ↑ "Nach den Kürzungen – die Geschäftsführerin verlässt Nestpick (German)". Gruenderszene. 3 June 2016. Retrieved 2016-09-01.
  13. ↑ O'Hear, Steve. "With founders out, Rocket-backed Nestpick reboots as apartment rentals aggregator | TechCrunch" . Retrieved 2017-08-04.
  14. ↑ "Best LGBT Cities 2017 Ranking | Nestpick". www.nestpick.com. Retrieved 2017-08-04.
  15. ↑ "Best Cities for Millennials 2017 – World Ranking | Nestpick". www.nestpick.com. Retrieved 2017-08-04.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.