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furlenco.com

Founded Year

2011

Stage

Debt - X | Alive

Total Raised

$242.51M

About Furlenco

Furlenco is an online furniture rental platform that lets users rent furniture on a monthly basis. It was founded in 2011 and is based in Bengaluru, India.

Furlenco Headquarter Location

2nd, 3rd & 4th Floor, Krishna Annex Survey No- 8/12, 9/183, Opp. Central Silk Board Junction, Hosur Road, (Sector-6 HSR Layout)

Bengaluru, 560068,

India

+91 080-46467373

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Research containing Furlenco

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Furlenco in 1 CB Insights research brief, most recently on Feb 2, 2022.

Expert Collections containing Furlenco

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Furlenco is included in 2 Expert Collections, including E-Commerce.

E

E-Commerce

9,964 items

H

Home Goods & Furniture

331 items

Tech-enabled companies offering services and products focused on furniture, home accessories, and interior design. This collection includes direct-to-consumer (D2C) startups, peer-to-peer (P2P) marketplaces, and 3D & AR/VR visualization tools, among others.

Latest Furlenco News

Furlenco expects to more than double revenue to Rs 500 cr by March 2024-Business Journal

Jul 12, 2022

Furlenco expects to more than double revenue to Rs 500 cr by March 2024-Business Journal By Home furnishing startup Furlenco expects to more than double its revenue to Rs 500 crore by March 2024 with foray into furniture sale business, a top official of the company said on Tuesday. The company, whose investors include Bollywood actress Deepika Padukone, expects to close the current fiscal with Rs 200 crore revenue, House of Kieraya (HoK) and Furlenco, founder and CEO Ajith Mohan Karimpana told PTI. “ Furlenco is now going to start selling furniture to this new customer segment. Customers can now buy our brand new designer furniture and then regardless of whether you use it for a short term like one to two years or you want to use it for 4-5-6 years and still sell it back to Furlenco at a predetermined price,” he said. Furlenco is present in the business of furniture rentals across six cities — Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Pune. The company plans to start service of furniture sales in these cities and expand to other cities later. “We could grow more but we are choosing not to grow more because the entire focus is on profitability. We are just about to get free cash flow positive. With the advent of this new side of the business, we will be able to get cash-free and profitable much faster and that is our focus this year. We will be closing at Rs 200 crore revenue in 2022-2023 and we will be closing 2023-2024 at Rs 500 crore,” he said. With the focus on profitability, the company will continue to strengthen business in the existing cities, Karimpana said. “We have realized that expanding into other cities always puts a dent into profitability. Profitability is a key mantra for us. There is enough market in these existing six cities. In the next one year we may open in a couple of cities but that is not the highest priority, the bigger higher priority is to give the basket of access,” he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Digital Editor

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  • When was Furlenco founded?

    Furlenco was founded in 2011.

  • Where is Furlenco's headquarters?

    Furlenco's headquarters is located at 2nd, 3rd & 4th Floor, Krishna Annex, Bengaluru.

  • What is Furlenco's latest funding round?

    Furlenco's latest funding round is Debt - X.

  • How much did Furlenco raise?

    Furlenco raised a total of $242.51M.

  • Who are the investors of Furlenco?

    Investors of Furlenco include Klub, Grip Invest, TradeCred, Lightbox Ventures, CE-Ventures and 28 more.

  • Who are Furlenco's competitors?

    Competitors of Furlenco include Cityfurnish and 1 more.

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