Furlenco, a Bangalore-based online furniture rental company, has raised $140 million in series D funding. The financing round was led by Mauritius-based Zinnia Global Fund. Other existing investors like CE Ventures and Lightbox Ventures also participated.
The funding will be used to expand into South Asian and international markets as well as Tier I and II cities like Jaipur, Ahmedabad and Mysuru. The company, which counts RentoMojo among its competitors, is present in 10 other cities including Bengaluru and Mumbai. The eight-year-old firm has risen close to $250 million in debt and equity till date.
