Announced
Financials
Sources
Tags
Home Improvement Retailers
Private Equity
India
Cross Border
furniture retail
Minority
Acquisition
Friendly
furniture
Completed
Private
Synopsis
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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