InvestorQ : Why has start-up, Flyhomes raised a sum of $150 million?
Arti Chavan made post

Why has start-up, Flyhomes raised a sum of $150 million?

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Rutuja Nigam answered.
5 months ago
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Flyhomes, the real estate start-up, has just raised $150 million as part of Series-C funding led by Norwest Ventures and Battery Ventures. Flyhomes plans to use these funds to expand its footprint by scaling its India operations and tripling its team size to 450 employees. Essentially, Flyhomes helps home buyers by bringing every step of the homebuying process ranging from brokerage to mortgage.

The most important part is that Flyhome also gives a counter guarantee to the seller in the sense that if the buyer has to back out of a transaction then Flyhome will purchase the home. Flyhomes has already, till date, bought and sold homes worth Rs.18,000 crore since its inception in the year 2016.

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