Furniture rental startup Furlenco raises Rs 20 crore in venture debt from Blacksoil

Furniture rental startup Furlenco raises Rs 20 crore in venture debt from Blacksoil
Furlenco has furnished over 150,000 homes across eight major cities in India and has AUM (assets under management) worth over Rs 200 crore.
TechSamvad
January 22, 2021 14:01:07 IST
Furlenco logo
Blacksoil Capital on 21 January said it has invested Rs 20 crore as venture debt in furniture subscription platform Furlenco. Furlenco has raised close to $51 million in equity funding from investors like Lightbox Ventures, Crescent Ventures, Deepika Padukone and Burman Family Office. It has also raised close to $45 million in debt funding. "The year 2021 will see a new phase of growth for Furlenco. We have a lot of exciting initiatives planned for this year that will unravel over the next six to nine months. We are delighted to have BlackSoil as our latest partner," Furlenco founder and CEO Ajith Karimpana said in a statement.

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