Debt financing
Furniture rental portal Cityfurnish raises $2.5-M led by Northern Arc Capital
Gurugram-based online furniture rental platform Cityfurnish has raised USD 2.5 million in a debt round led by Northern Arc Capital with participation from Western Capital, UC Capital Inclusive and existing backers. Founded in 2015 by Neerav Jain, Cityfurnish offers furniture on rent. It has a presence in Delhi NCR, Bengaluru, Mumbai, Pune, Hyderabad and Chennai. Cityfurnish enables users to switch furniture regularly. The funds will be used to expand operations, strengthen the company's brand and technology.
From the Venture Intelligence PE-VC Deal Database:In Jun 19, Cityfurnish had raised USD 5 M from Soma Capital, VH Capital, Rocket Internet and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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