Furlenco raises Rs 44 Cr in debt


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Subscription-based online rental furniture platform Furlenco has raised another debt round from Black Soil Capital and Crescent Enterprises Limited. The Bengaluru-based company has allotted 400 convertible debentures of Rs 500,000 each to Black Soil Capital Private Limited to raise Rs 20 crore in debt, regulatory filings show. Post the conversion of debentures, Crescent will control 7.76% in Furlenco.