BENGALURU : Furlenco, a subscription-based online rental furniture rental startup, has raised $140 million ( ₹1,000 crore) led by Zinnia Global Fund, in a mix of debt ( ₹850 crore) and equity ( ₹150 crore). India's rental furniture and appliance market, dominated by the likes of RentoMojo, Furlenco, Rentickle, and CityFurnish, is now worth Rs33,500 crore, management consultancy Redseer said in April. As an industry leader with a strong management team, Furlenco is poised for continued strong growth" said Ritesh Abbi, Zinnia Global Fund. Furlenco, which mainly offers furniture and home décor on rent, earlier this year raised ₹20 crore from venture debt firm BlackSoil Capital. Other than furniture, Furlenco offers value-added services, where its customers can swap their furniture when they want.

Source: Mint July 04, 2021 20:15 UTC