![]() ![]() We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. “We have already laid down the foundations in the last couple of years and are looking at our India team as a strategic partner in our growth journey from here on as we expand our business into multiple states in the US.” - Sam Kasle, EVP Sales, Flyhomes.įor more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay. We have distributed teams across the US and India in almost all verticals today.” - Gaganpreet Luthra, Managing Director, Flyhomes, India. “We are scaling up in India to leverage the top-quality talent here. Tushar Garg, CEO and Co-founder of Flyhomes. ![]() Our first engineers were based in India, and are still with the company”. The country and its talent have been instrumental in the success of Flyhomes at a global level. New York-based Unite Us, which works with local providers and community resources to coordinate care, passed a 1.6 billion valuation. What the stakeholders have to say: “India has been our strategic partner ever since we started and an enabler in more ways than one. A software startup working with insurers to address members’ social health needs raised 150 million. The startup claims to have bought and sold more than US$ 2.5 billion homes since its inception. If a buyer has to back out of a transaction, Flyhomes itself will purchase the home, thus eliminating uncertainty for the seller. The startup even guarantees its customers that a transaction will close. This removes the hassle of moving twice, taking a double mortgage or living through house showings. It also offers financial products to help the clients get what they want for less money.įlyhomes allows sellers to buy and move into their new home before selling their current one. It brings every step of the home buying process, from brokerage to mortgage, together in one platform. It will hire talent for Engineering, Product, Analytics, Brokerage and Mortgage Operations, Marketing and HR verticals.įounded in 2016 by Stephen Lane and Tushar Garg, Flyhomes is transforming the home buying experience through comprehensive consumer education, segmented expertise, financial innovation and on-demand technology. Purpose of the funding: The funds raised will be utilized by the company to scale up its operations, and increase its India staff by 3X from the current 150. Lisa Wu of Norwest Venture Partners and Roger Lee of Battery Ventures will join the Flyhomes Board of Directors. Investors: The funding round was co-led by venture capital firms Norwest Venture Partners and Battery Ventures, with participation from Fifth Wall, Camber Creek, Balyasny Asset Management, Zillow co-founder Spencer Rascoff, and existing investors Andreessen Horowitz and Canvas Partners. "Crayhill Renewables' focus on acquiring assets coupled with Crayhill's existing asset-based private credit approach allows us to provide a full suite of financing products and co-development services that we believe to be unique in the current market," Bauman commented.Ĭhoose your newsletter by Renewables Now.US-based Flyhomes, a real estate brokerage platform that helps clients through the entire home buying process, raised US$ 150 million in Series C funding to fuel its growth and expand its presence in India. Before becoming part of Crayhill Renewables, both Bauman and Snydacker were senior members of Royal Dutch Shell's US solar platform, Silicon Ranch. It will target uncontracted early- to mid-stage assets.Įrick Bauman and Ben Snydacker will serve as managing directors of Crayhill Renewables, the firm announced last week. The new entity, called Crayhill Renewables LLC, will supplement the asset manager's existing credit strategies by focusing initially on transactions involving solar and battery storage. New York-based alternative asset manager Crayhill Capital Management LP has created a new affiliate in Nashville, Tennessee, to invest in and develop a broad range of renewable energy assets. ![]()
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