Startups

Relocation services startup Flytta raises seed investment from Corvus Ventures

Hyderabad-based startup Flytta, which assists with all aggregated services for relocation, has raised undisclosed seed investment from Corvus Ventures. The startup will use raised capital for new alliances with corporates and create targeted relocation offerings.

“For corporates, relocation is a time-consuming process. We strongly believe that Flytta brings with it the easy relocation solutions with their strong understanding of business operations”, said Mr. Mahesh Reddy, Corvus Ventures.

Hyderabad-based startup Flytta raises seed investment from Corvus Ventures

Incubated by Nasscom 10K Startups, FLYTTA was founded by Rahul Kanuganti and Gokulavasan in January 2016 with an aim to provide smooth relocation experience for employees in the corporates. It offers major services like house rental, packers and movers, assistance with gas, internet connections and other home related services.

Over the last 6 months, FLYTTA has helped more than 500 employees to relocate hassle-free to Hyderabad from major cities like Kolkata, Chennai, Delhi, Pune, and Bengaluru etc. The startup is now relocation partner for more than six corporates from in IT, Healthcare and Banking at national and international level.

Rahul Kanuganti, the company CEO said that “the corporates in India hire the best and brightest resource from across the country and the world, FLYTTA is a preferred partner for all such corporates to help their employee relocate from other cities and make them comfortable in their new community. The investment will be used to build alliances with more corporates and create targeted relocation offerings.”

The working professionals are more mobile than ever and they are relocating to other cities in search of career opportunities. The NASSCOM Study says, the relocation industry is valued at Rs 6000 crore in India and is expected to grow by 20% annually. The average rate of relocations in a corporate stand at 15% and by personalizing the relocation experience for every corporate, FLYTTA wants to be the preferred partner in the country.

RESPONSES

You Might Also Like