Debt Debt financing
Furniture rental brand Furlenco raises $7-M from Northern Arc, CredAvenue
Source Inc42 (opens in a new tab)
Bengaluru-based furniture rental brand Furlenco has raised INR 60 crore (about USD 7 million) in debt from Northern Arc Capital and CredAvenue.Founded in 2012 by Ajith Mohan Karimpana, Furlenco operates an online subscription-based furniture rental platform in Bengaluru, Mumbai, Delhi NCR, Chennai and Kolkata. It also operates a furniture marketplace.
Company website ↗ (opens in a new tab)
Between Jan 2015 and Jul 2023, Furlenco had attracted ina mix of equity and debt about USD 277 M from Lightbox, N+1 Capital, BlackSoil Capital, CE-Ventures, Kris Gopalakrishnan, Burman Family Office and others.