Online furniture rental company Furlenco, on Wednesday, said it has raised Rs 200 crore ($30 million) in funding through a mix of equity and debt. The fresh round of funding includes $15 million of equity and $15 million of debt, according to Ajith Mohan Karimpana, Founder and CEO of Furlenco. The debt was raised from banks, Non-Banking Financial Company (NBFCs), HNIs and Indian family offices. In March 2015, Furlenco had raised about Rs 37 crore (USD 6 million) from Lightbox. In the past 18 months, Furlenco has furnished nearly 15,000 homes with products worth over Rs 100 crore of market value, the release added.

Source: dna October 19, 2016 09:56 UTC