Furlenco to raise $50 million in Series D, closes Series C with $5.8 million
Bengaluru-based online furniture rental platform Furlenco is set to raise $50 million in Series D funding in the coming fiscal. It closed Series C funding with more than Rs.40 crore (around $5.8 million) in its fourth and final trench (Series C4) yesterday.
- Ajith Karimpanna, Founder and CEO, FurlencoBengaluru-based online furniture rental platform Furlenco is set to raise $50 million in Series D funding in the coming fiscal.
- It closed Series C funding with more than Rs 40 crore (around $5.8 million) in its fourth and final trench (Series C4) on Friday.
- Furlenco Founder and CEO Ajith Karimpanna has told YourStory that this $5.8 million closes off the $11.5 million raised in Series C funding over the last couple of years.
- "Furlenco has seen tremendous growth over the years, and we are set to become the first furniture rental company to hit Rs 100 crore in revenue.