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Announced

Zinnia Global Fund led a $140m Series D funding round in Furlenco.

Financials

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Transaction Value£104m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Home Improvement Retailers

Private Equity

India

Cross Border

furniture retail

Minority

Acquisition

Friendly

furniture

Completed

Private

Synopsis

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Zinnia Global Fund, a private equity firm, led a $140m Series D funding round in Furlenco, a furniture rental startup. Additional investors include Saket Burman, Lightbox and Crescent Enterprises Venture Capital. “The funds we have raised will play a critical role in this journey and fuel our growth with investments and design. We know there is immense strength and scope of innovation in the B2C [business-to-consumer] commerce space and the sectors we operate in. We are tapping into that potential and will definitely disrupt the market with what we are planning,” Ajith Mohan Karimpana, Furlenco Founder.

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