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Synopsis The funding will help Furlenco, which offers furniture on rent, expand its geographic reach, launch new products and plans, and support marketing, founder Ajith Mohan Karimpana says. ETtech Furlenco, which saw flat growth in FY21 with revenue of Rs 100 crore, is now looking to grow the business to Rs 2,300-2,500 crore over next five years, founder Ajith Mohan Karimpana. (Photo: Twitter/@AjithKarimpana) Mumbai: Furniture subscription company Furlenco has raised $140 million (Rs 1,000 crore) in a mix of debt and equity, as part of its latest funding round led by Zinnia Global Fund, its founder said. The funding will help the company expand its geographic reach, launch new products and plans, and support marketing, Ajith Mohan Karimpana told ET. “A large part of the fundraise is long-term structured debt whereas the remaining is equity capital,” said Karimpana, who is also the chief executive of the online furniture startup.

Andhra pradeshUttar pradeshTamil naduAjith mohan karimpanaTushar singhviZinnia global fundMiddle eastஆந்திரா பிரதேஷ்உத்தர் பிரதேஷ்தமிழ் நாடுதுஷார் சிங்விநடுத்தர கிழக்கு