Furniture rental company Furlenco to expands to Mysuru

Monday, July 05, 2021

Furniture rental company Furlenco raised Rs 1,000 crore in a mix of debt and equity as part of its latest funding round led by Zinnia Global Fund.

"With this new fundraise, the company will cater to much larger audiences with more tailored solutions and brand new offerings, while continuing to focus on sustainability at the very core of the business," Furlenco said in a statement.

Furlenco recently announced its entry into Jaipur, Mysuru, and Ahmedabad, and is now looking to launch in more Tier I and Tier II cities. With this business expansion, Furlenco has presence in 13 cities, including Bengaluru, Mumbai, Pune, Delhi, Noida, Gurugram, Ghaziabad, Faridabad, Hyderabad, Chennai, Mysuru, and Ahmedabad.

Furlenco Founder and CEO Ajith Mohan Karimpana said lifestyles have evolved and so have the needs of the urban Indian when it comes to how they do up their home.

Furlenco offers furniture packages across all key categories such as living room furniture, beds, dining tables, study solutions, workstations, loungers etc. It also offers appliances such as laptops, microwave ovens, LED televisions, washing machines, and has recently launched and expanded its services to renting two-wheelers, gaming consoles, entertainment and fitness equipment as well.