Furniture rental brand Furlenco raises $5-M from Grip Invest

Grip Invest, a digital platform for facilitating asset-backed investments, has entered into a USD 5 million (about INR 37.7 crore) asset financing deal with Bangalore-based House of Kieraya (HoK), known for furniture and lifestyle rental brand, Furlenco. The deal will enable HoK to access additional furniture assets to support growth. Furlenco has recently formed House of Kieraya (HoK), a corporate brand that includes Furlenco and its sub-brand - UNLMTD (furniture subscription service), along with Furbicle - a re-manufactured furniture brand.