FURLENCO, THE ONLINE FURNITURE RENTAL MARKETPLACE RAISED $8 MILLION

What does Furlenco do?

Furlenco is an innovative and one of a kind online furniture rental marketplace providing rental furniture for home and office use.

The company offers affordable furniture and well suited to the varying needs of several customers. Several packages ranging from simple 1500 to 2000 rupees per bedroom it offers simple furnishing at a modest price and is very handy for students or families.

The company also has some out of the box thinking in that it has several packages available for 1BHK flats with furniture costing about approximately around 5000 rupees per month and 6000 and 7000 each for 2 BHK and 3 BHK apartments respectively.

With the company teaming up with third party vendors it provides cost effective packages to all kinds of needs.

The company’s operational base being in Bangalore at present it hopes to expand to other cities in the foreseeable future.

How much Furlenco was funded?

Furlenco was funded $6 million in Series A funding on March 25, 2015 with prime investor being the venture capital firm Light box Ventures floated by Sandeep Murthy.

What next for Furlenco:

With its current subscription restricted only to the city of Bangalore it hopes to expand this novel business model to other cities in the near future. With an active number of satisfied customers and rapidly and exponentially growing customer it hopes to venture into the newer horizons.

More about Furlenco:

Annoyed and discontented with the difficulty in finding affordable, practical and well-crafted furniture the company was founded in 2011 by “Ajith Karimpana”. Educated in the USA in the Temple University he returned to the home country India and started to work under the name Rent Ur Duniya later rechristened as Furlenco.

With its new and refreshing approach to the affordable and quality made furniture, the company is here to stay and is looking to move towards much bigger operational base in several cities in the near future.