Furlenco raises $30 million in a mix of debt and equity funding

Furniture rental startup Furlenco has raised $30 million in a Series B funding round led by existing investor LightBox Ventures.

The funds will be used to expand in Delhi and Hyderabad.

This is a mix of debt and equity round. Close to $15mn (100 crores) of debt has come from HDFC and Axis Bank and IntelliGrow. And the rest has been done via equity by Lightbox and Axis Capital.

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