Bengaluru-based online furniture rental startup Furlenco has raised USD 1.5 Mn (INR 10 Cr) in a debt funding round from a consortium of HNI investors via non-convertible debentures.
As per the company’s latest MCA filings, the investors who participated in this round include Rekha Hrishikesh Mafatlal (Arvind Mafatlal Group), Lakshmi Narayanan – Ex-Vice Chairman of Cognizant, and M Krishna Sindhuri Private Trust.
Founded by Ajith Mohan Karimpana in 2011, Furlenco has so far raised over USD 30 mn in funding from investors such as Lightbox Ventures, Axis Capital, Kris Gopalakrishnan’s Pratithi Trust, Trifecta Capital amongst others.
Most recently in December 2017, the furniture rental startup raised USD 300K in funding from Bollywood actor Aamir Khan.
In June 2017, Furlenco also gave indications to become profitable by March 2018.