Furlenco, the furniture and home-lifestyle brand, has raised Rs 125 crore in its latest funding round, with investments from Sheela Foam, Whiteoak, and Madhu Kela. The capital will help Furlenco strengthen its presence in current cities and expand into new high-potential markets across India.
The funding will be used to invest in product innovation, technology, and improving customer experience. Furlenco plans to enhance its supply chain, expand its range of furniture and home products, and grow its offline and omnichannel presence to reach more urban consumers.
Ajith Mohan Karimpana, Founder and CEO, Furlenco, stated, “This fundraise will help us deepen our presence in existing markets, strengthen our footprint and bring our offerings closer to more customers.” Furlenco is also eyeing a potential Initial Public Offering (IPO) in the coming years.
