Debt Financing
Furniture rental startup Furlenco raises $15-M from TradeCred
Bengaluru-based furniture rental startup Furlenco has raised USD 15 million from TradeCred. House of Kieraya, an umbrella brand that houses both Furlenco and Furbicle has entered into an asset financing deal with TradeCred. The latter was formed last month to offer rental furniture, appliances and remanufactured furniture under one roof. Furlenco is looking to expand its operations in India and in the Middle East.
From the Venture Intelligence PE-VC Deal Database: Between Jan-15 and July-21, Furlenco has raised over USD 207 million from Zinnia Global Fund, Lightbox, Axis Capital Partners, InnoVen Capital, Kris Gopalakrishnan, Trifecta Capital, Raintree Ventures, CE-Ventures, Burman Family Office, BlackSoil Capital and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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