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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 ....
[Funding alert] BlackSoil Capital invests Rs 20 Cr into furniture subscription platform Furlenco Furniture rental startup Furlenco says it has furnished over 150,000 homes in eight cities. 0 claps Furlenco) has raised BlackSoil Capital. Founded by Ajith Mohan Karimpana, Furlenco operates as a furniture subscription platform and has furnished over 150,000 homes in eight cities in India. Furlenco is a furniture rental startup that offers quality furniture that is designed in-house. The furniture is delivered free of cost at the customer s doorstep within 72 hours and the company provides customers with facilities like annual cleaning, option to swap furniture, and free relocation. “The year 2021 will see a new phase of growth for Furlenco. We have several initiatives planned for this year that will be launched over the next six to nine months. We are delighted to have BlackSoil Capital as our latest partner. BlackSoil has quickly emerged as a prominen ....