Furlenco is a Bangalore-based startup founded in 2012 by Ajith Karimpana, with a mission to address the challenge of finding stylish, sophisticated, and affordable rental furniture for homes. The company offers curated home furniture options designed to meet diverse lifestyle needs, catering to clients ranging from students to families and expatriates. One of Furlenco's key differentiators is the flexibility it provides, allowing customers to exchange pieces as their needs change.
The company recently secured a INR3.00B Corporate Round investment on 17th July 2023, with Sheela Foam as the investor. Furlenco operates within the Real Estate and Lifestyle industries, positioning itself as a practical and budget-friendly solution for accessing high-quality furniture. With its compelling slogan, "Elevate your living space effortlessly," Furlenco aims to continue disrupting the traditional furniture market with its innovative subscription service model.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Corporate Round | INR3.00B | 1 | Sheela Foam | 17 Jul 2023 |
Series D | INR1.50B | 4 | Saket Burman | 05 Jul 2021 |
Debt Financing | INR8.50B | - | 05 Jul 2021 | |
Debt Financing | INR200.00M | 1 | 21 Jan 2021 | |
Venture Round | $10.00M | 4 | Kris Gopalakrishnan, Gautham Radhakrishnan +1 | 02 Apr 2020 |
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