Furlenco | Pixr8 News

7Feb By AdityaNo Comments

FUNDING

After Aamir Khan, Furniture Renting Platform Furlenco Raises Funding from HNI Investors

Online furniture rental startup Furlenco has raised a funding of $1.5 million in a debt funding round from a clutch of HNI Investors. The Rs 10 crore funding round saw participation from Rekha Hrishikesh Mafatlal, wife of Mr Hrishikesh Mafatlal, VC and CEO of Arvind Mafatlal Group of Companies, Lakshmi Narayanan, ex-VC of Cognizant and M Krishna Sindhuri Private Trust. The funding that the furniture rental startup raised is via non-convertible debentures. Furlenco is based in Bengaluru and was founded back in 2011 by Mr Ajith Khurana, and has been successful in raising over $30 million in total from investors like- Axis Capital, Lightbox Ventures, Kris Gopalakrishnan's Pratithi Trust, Trifecta Capital, to name a few. The funding comes after Bollywood superstar Aamir Khan infuse...

12Dec By PriyankaNo Comments

FUNDING

Online Furniture Startup Furlenco Bags Funding From Bollywood Celeb Aamir Khan

After Amitabh Bachchan, Hrithik Roshan and many others, Aamir Khan has shown interest in startup ecosystem by funding $1.2 million in an online furniture renting startup Furlenco. Bengaluru based furniture renting marketplace, run by Kieraya Furnishing Solutions Pvt Ltd, was founded back in 2011 by Ajith Karimpana, and offers furniture on a subscription based model in Delhi NCR, Bengaluru, Mumbai and Pune. The funiture rental platform has raised $30 million in total equity and debt funding from Lightbox Ventures, Hong Kong-based venture capital fund Axis Capital and others till date. Actors and sports celebrities are often given equity in lieu of being brand ambassadors for that startup, but in this case Aamir Khan will not be the brand ambassador for the company. Bollywood cel...

Online Furniture Rental Company Furlenco Raises 200 Crores

19Oct By NitishNo Comments

FUNDING

Online Furniture Rental Company Furlenco Raises 200 Crores

Online furniture rental company Furlenco today said it has raised Rs 200 crore (USD 30 million) in funding through a mix of equity and debt. The fresh round of funding includes USD 15 million of equity and USD 15 million of debt, according to Ajith Mohan Karimpana, Founder and CEO of Furlenco. The equity portion of the investment is led by Lightbox along with Axis Capital (no relation to Axis Bank), a Hong Kong based VC fund and a clutch of prominent high networth individuals or HNIs, the company said in a statement. The debt was raised from banks, NBFCs (Non-Banking Financial Company), HNIs and Indian family offices. "The funds raised will be used for expansion to newer categories, product ranges and more cities in the next one year," it added. In March 2015, Furlen...

Online Furniture Company ‘Furlenco’ Starts Operations in Pune

5Apr By AnkitaNo Comments

News

Online Furniture Company ‘Furlenco’ Starts Operations in Pune

Furlenco, India's first online furniture rental company has partnered with Uber to introduce UberPLAY in Pune. Under the move, Furlenco will be furnishing a premium range of Uber cars on the city roads with LED screens, recliners, and your very own drinks cooler so that the customers can catch all the action while on-the-move.! After beautifying 5000+ homes in Bangalore and Mumbai, the company has rolled out its range of awe-inspiring furniture packages to transform the living experiences of Pune residents. The customers can now get their hands on premium home furniture without having to invest heavily on buying it. They can place their orders online at Furlenco and get free doorstep delivery and installations within a week itself. Commenting on the launch, Founder and CEO Furlenc...