Furlenco Furniture Market
Online furniture rental company, Furlenco, is looking to expand to more cities with new products lines. Founded in 2012, the company has received $6 million from its parent company. It currently provides services in Bengaluru, Mumbai, and Pune and plans to enter Delhi NCR market by the end of this year. It is looking to raise around Rs.300 crore via both debt and equity to take on vertical players such as, Urban Ladder and Pepperfry in the next five years, as the whole urban India will be renting out its products and services, said its CEO in his interaction with S.K.Khanna.