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Furlenco raises $30 mn in fresh funding

$15 million in equity has been raised from Lightbox Ventures along with participation from Hong Kong-based Axis Capital

Alnoor Peermohamed  |  Bengaluru 

Bengaluru-based online furniture rental start-up Furlenco has raised $30 million in fresh funding with an equal equity and debt component. The $15 million in equity has been raised from Lightbox Ventures along with participation from Hong Kong-based Axis Capital. The debt component has been raised from a slew of banks such as HDFC and Kotak Mahindra, NBFC and high net worth individuals (HNIs). While Furlenco plans to utilise the equity component to grow its business into more cities and win over more customers, the debt will be used solely to purchase inventory. The company ...

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