Nginx gives a 404 for multiple flask apps under same domain

Question

I am trying to run a flask web app and a flask restful api on the same domain.
They both run fine, when they are run alone.
I am not using venv.

However, when I try to run them under a same domain, Nginx throws an error - 404, not found. Also, localhost/ runs the web-app fine without errors but localhost/web and localhost/rest gives a 404.

The request.url prints http://localhost/web and http://localhost/rest but request is not being sent to flask server responsible for `/rest', it seems, as no data is logged for the second server (the restful api). All logged data is for the 1st server (the web app) only.

#Nginx.conf:

server {
    listen      80;
    server_name localhost;   

    location /web {
    include uwsgi_params;
    uwsgi_pass unix:/var/www/webproject/web_uwsgi.sock;
    }    

    location /api {
    include uwsgi_params;
    uwsgi_pass unix:/var/www/restproject/rest_api_uwsgi.sock;
    }
}

#webproject.ini                    #restproject.ini
[uwsgi]                            [uwsgi]
vhost = true                       vhost = true
project = webproject               project = restproject
base = /var/www/                   base = /var/www/
chdir = %(base)%(project)          chdir = %(base)%(project)
wsgi-file = run.py                 wsgi-file = api.py
callable = app                     callable = ap
mount = /webproject = app          mount = /restproject = ap
manage-script-name = true          manage-script-name = true
plugins = python                   plugins = python
socket = /var/www/webproject/%n.   socksocket = /var/www/restproject/%n.sock
chmod-socket    = 666              chmod-socket    = 666
logto = /var/log/uwsgi/%n.log      logto = /var/log/uwsgi/%n.log

Any suggestion would be helpful.