Online furniture rental firm Furlenco has raised Rs 2.5 crore debt funding from Sandeep Baid, Shakuntalam Holdings, and Ritona Vincom. The company has issued 250 non-convertible debentures (NCD’s) of face value Rs 1 lakh each for the same.
Launched in 2012, the Bengaluru-based Furlenco is known to provide award-winning furniture and home decor on rent and is operational in Indian cities including Bengaluru, Delhi, Mumbai, Gurugram, and Hyderabad, among others. Previously, the firm had raised Rs 7 crore through debt in August 2019. (Source-MCA)
