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Furlenco raises Rs 53 Cr in debt; set to kick off Series D round

Shortpedia

Content Team
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Subscription-based online rental furniture platform Furlenco has raised Rs 53 crore in fresh debt financing from four investors. Furlenco has allotted 41,00,000 OCDs of Rs 100 each to raise Rs 41 crore from Rangoli Resorts, Beeline Impex and Aditya Burman, regulatory filings show. The Bengaluru-based firm has also allotted 12,00,000 CCDs to Crescent Enterprises to raise Rs 12 crore.