Home >> Furniture Rental Jan 23, 2018
Furlenco now backed by Mafatlals and Hetero Group
Last month, we had reported on Aamir Khan's investment in Furlenco. The Bangalore-based furniture rental startup continues its fund-raising drive with a debt round from a group of well-known HNIs.

Furlenco has raised ₹10 Cr from Rekha Hrishikesh Mafatlal (Arvind Mafatlal Group), Lakshmi Narayanan - Ex-Vice Chairman of Cognizant, and M Krishna Sindhuri Private Trust (Trust in the name of Hetero Group Chairman Bandi Parthasaradhi Reddy's deceased daughter Krishna Sindhuri).

Furlenco has been on a fundraising spree with most of the recent funding via non-convertible debentures.

In 2017 alone, Furlenco raised ₹62.7 Cr from both current and new investors. Of this raise, venture debt provider Trifecta Capital accounts for only ₹8 Cr

Some of the notable investors in previous rounds include Kris Gopalakrishnan's Pratithi Trust, Lightbox Venture Partners, and Trifecta Capital.

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