Flytta will be using the funds for product scaling and to build more corporate alliances.

Relocation startup Flytta raises an undisclosed sum in angel funding from Corvus Ventures
Atom Fund Raising Thursday, July 20, 2017 - 10:53

Hyderabad-based relocation firm Flytta Innovations has raised an undisclosed amount in angel funding from Corvus Ventures.

Flytta intends to use these funds for two major purposes. First is for product scaling. The startup will be building enterprise suites for its B2B clients based on their requirements.

Secondly, it will be using the funds to build more corporate alliances. Flytta is looking at more partnerships with corporates to extend its relocation services to them. For this, it will be adding more salesforce to bring more corporates on board.

“We currently have seven corporates on board including L&T, Nasscomm, Apollo Group and we are in talks with a few other MNCs. For this, we are hiring salesforce to forge more alliances and the funds raised from Corvus will help us in the same,” says Rahul Kanuganti, co-founder, Flytta.

Founded by Rahul Kanuganti and Gokulavasan in January 2017, Flytta is a relocation service provider which offers services right from a new house to a gas connection, internet, DTH, water facility, milk vendors and local home services.

Incubated at T-Hub in Hyderabad and by Nasscomm 10k startups, Flytta aggregates these services and when you are looking to move cities, the startup assists you with finding a house and all other required services.

Under its B2B segment, it partners with with MNCs that relocate its employees.

As on April 2017, Flytta did over 700 relocations to Hyderabad from different cities.

Mahesh Reddy, MD of Corvus Ventures has joined Flytta as an advisor and will help Flytta scale up its marketing and in expanding its connects. Mahesh will also be advising Flytta in approaching venture capital firms to raise its next round of funding, which it intends to do very soon.

“For corporates, relocation is a time-consuming process. Flytta offers an easy relocation solution,” said Mahesh Reddy, MD of Corvus Ventures told VCCircle.

Last week, Corvus Ventures also led a pre-Series A round in Kartha Techno Logistics, which runs hyper-local logistics platform VDeliver.

This article has been produced with inputs from T-Hub as a part of a partner program.

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