• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Online Furniture Rental Company Furlenco Raises $30 mn from Exisiting Investors

by Chinmay Bidkar
October 19, 2016
in News
Reading Time: 2 mins read
0
furlenco
TwitterWhatsappLinkedin

furlenco
19 October 2016, India :

You might also like

Leadership Chaos Hits U.S. Copyright Office Amid AI Policy Battle

Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

Microsoft Slashes 6,000 Jobs in Strategic Shake-Up Despite Strong Profits

Bangalore-based online furniture rental startup Furlenco has raised $15 million in its Series B round of funding.

The round was led by existing investor Lightbox Ventures along with Axis Capital Partners, a Hong Kong-based venture capital fund.

Furlenco is changing the way people access furniture. It offers furniture on rent and are setting new industry standards in the process. The products feature award-winning design, and it delivers in as quickly as 72 hours. Also, the design process is user-inspired, allowing Furlenco to offer furniture that truly enhances their lives. Apart from quick deliveries and free set-up, Furlenco also pairs every unit of furniture with matching home decor and soft furnishing, allowing you to furnish your entire home in one click.

Ajith Mohan Karimpana, founder and CEO of Furlenco said, “This fresh funding, which includes $15 Mn of equity and $15 Mn of debt, is a testament to Furlenco’s strong unit economics and growing operational cash flow. Furlenco’s core differentiation lies in its design philosophy, customer experience, and technology. ”

He further believes that the only way to duplicate that effort in a market like India is by providing a full stack rental model. “We think that access over ownership, is the right model for India,” added Ajith.

The fresh funds will be used to expand beyond Bengaluru, Mumbai and Pune, where Furlenco currently operates, to Delhi and Hyderabad in the next 12 months as well as expand its product offerings. Source- techcircle

Also read-
MAKEMYTRIP, IBIBO ANNOUNCE MERGER ; ONE OF THE BIGGEST DEAL IN INDIA
FISDOM RAISES $1.1 MILLION FROM SAAMA CAPITAL
Tags: Ajith Mohan KarimpanafundingFurlencoInvestmentLightbox ventures
Tweet54SendShare15
Previous Post

Fisdom Raises $1.1 million from Saama Capital

Next Post

Facebook Adds More Value to Friends’ Recommedation

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Leadership Chaos Hits U.S. Copyright Office Amid AI Policy Battle

by Harikrishnan A
May 14, 2025
0
Trump-Appointed Officials Denied Entry to U.S. Copyright Office Amid Leadership Shake-Up

In a scene straight out of a political thriller, two men arrived at the U.S. Copyright Office in Washington, D.C. earlier this week claiming to be newly appointed...

Read more

Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

by Harikrishnan A
May 14, 2025
0
Senator Mike Lee Introduces Controversial Bill to Redefine Obscenity and Criminalize Pornography Nationwide

A new bill introduced by Republican Senator Mike Lee of Utah has reignited the nation’s long-standing debate over pornography, free speech, and federal censorship. Tapping into conservative values...

Read more

Microsoft Slashes 6,000 Jobs in Strategic Shake-Up Despite Strong Profits

by Harikrishnan A
May 14, 2025
0
Microsoft’s Copilot+ Faces Scrutiny Over New Recall Feature

Microsoft is once again making headlines with a significant round of job cuts, letting go of around 6,000 employees—roughly 3% of its global workforce. The decision, which impacts...

Read more
Next Post
Your Dose Of Disruptive Tech For This Week !

Facebook Adds More Value to Friends' Recommedation

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?