Furlenco Raises INR 125 Cr To Expand Presence Ahead of IPO

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Furniture rental startup Furlenco has raised INR 125 Cr (about $15 Mn) in a funding round led by existing investor Sheela Foam, along with participation from Whiteoak and Madhu Kela.

Notably, Sheela Foam got its board’s approval last month to invest an additional capital of up to INR 30 Cr in Furlenco parent House of Kieraya. 

Furlenco plans to deploy the fresh capital to strengthen its presence in existing markets and enter new markets in the country, invest in product innovation, technology and customer experience. 

With a clear path…



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Furlenco Raises INR 125 Cr To Expand Presence Ahead of IPO


Furniture rental startup Furlenco has raised INR 125 Cr (about $15 Mn) in a funding round led by existing investor Sheela Foam, along with participation from Whiteoak and Madhu Kela.

Notably, Sheela Foam got its board’s approval last month to invest an additional capital of up to INR 30 Cr in Furlenco parent House of Kieraya. 

Furlenco plans to deploy the fresh capital to strengthen its presence in existing markets and enter new markets in the country, invest in product innovation, technology and customer experience. 

With a clear path…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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