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Exclusive: Melorra Bags $10 Mn In Debt From Kalpraj Dharamshi, Others

Melorra is also raising funds from Puneet Bhatia, managing director of TPG Growth Capital, Mukul Agarwal of Param Capital, and Singapore-based Symphony Asia,

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Chalo Bags $40 Mn Series C In Funding From Lightrock India, Others

The new round also saw participation from its existing investors WaterBridge Ventures, Raine Venture Partners, Neeraj Chopra (former WhatsApp chief business officer) and former SVP of Google Amit Singhal.

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Carpooling start-ups pivot to e-commerce, job search and social networking

Carpooling start-ups pivot to e-commerce, job search and social networking
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Furniture rental company Furlenco gets $140 million

Furniture rental company Furlenco gets $140 million © Provided by The Times of India BENGALURU: Online furniture rental company Furlenco has raised $140 million (Rs 1,000 crore) in Series D funding, its largest till date, led by Mauritius-based Zinnia Global Fund. Other existing investors like CE Ventures and Lightbox Ventures also participated. The funding is split between debt, Rs 850 crore, and equity, Rs 150 crore, and will be used to expand into tier I and II cities like Jaipur, Ahmedabad and Mysuru. The company, which counts RentoMojo among its competitors, is present in 10 other cities including Bengaluru and Mumbai. Furlenco has been raising debt since last year, including Rs 44 crore in January from Black Soil Capital and Crescent Enterprises, and Rs 53 crore from four investors at the end of last year. The eight-year-old firm has raised close to $250 million in debt and equity till date.

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amir Khan backed furniture rental startup Furlenco raises ₹1,000 crore from Zinnia Global fund

amir Khan backed furniture rental startup Furlenco raises ₹1,000 crore from Zinnia Global fund
businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.

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