Latest Crescent Ventures News
Jan 21, 2021
Furniture rental startup Furlenco raised Rs 20Cr in a venture debt funding round from Blacksoil Capital, one of the most prominent venture debt investors in the Indian market. It has raised about $51 mn in equity funding from Lightbox Ventures, Crescent Ventures, Deepika Padukone & Burman Family Office. Furlenco offers design-conscious Indians the flexibility to choose the best products, without the hassle and additional cost associated with owning furniture. It operates as a furniture subscription platform & claims to have covered over 150K homes across eight major cities in India with over Rs 200Cr. “We have a lot of exciting initiatives planned for this year that will unravel over the next six to nine months. We are delighted to have BlackSoil as our latest partner. BlackSoil has quickly emerged as a prominent venture debt player helping startups across the board in their growth journey,” said Furlenco founder and CEO Ajith Karimpana.