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India’s first home furniture rental company
- Furlenco is India’s first home furniture rental company based in Bangalore.They offer their services in Bangalore, Mumbai, Pune, Gurgaon, Delhi, and Noida. Furlenco allows you to rent furniture like sofa, table, bed, and lamp on a monthly basis. The platform offers limited looks, which you can order and have delivered at home at no extra cost.
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Bring home designer furniture @ wallet-friendly prices. Now rent furniture or buy furniture online from Furlenco, with the freedom to return or sell-back anytime.
Who are we? We call ourselves a different furniture company for several reasons. Freedom of Choice: Our wide range of furniture is inspired by the evolving needs and growing lifestyle of the urban Indian. Freedom of Access: You are the best judge of how your life is evolving.
- Furlenco - About
- Furlenco - Startup Story
- Furlenco - Founder and Team
- Furlenco - Business Model
- Furlenco - Revenue Model
- Furlenco - Funding and Investors
- Furlenco - Growth
- Furlenco - Service
- Furlenco - Partnership
- Furlenco - Challenges
Furlenco is an online furniture company, which is driven by a different set of ideas, thereby enabling people to start living better than today. Furlenco makes living better by giving consumers home decor and award-winning furniture on rent. All the furniture of Furlenco is designed by experts. Designs are inspired by the urban living citizens of I...
In the year 2010, Ajith Mohan Karimpana came back to Bengaluru, Karnataka, India, from New Jersey, USA. When he used to stay in the USA, he wanted to sell his furniture there. After selling it, he got 10% back of what he paid for it. He bought the furniture around two years ago. That was the time when he felt the pain of both buying and selling fur...
Ajith Mohan Karimpana is the founder of Furlenco. Ajith Mohan Karimpana is the CEO and the founder of Furlenco. He began his career as a Senior Consultant at Morgan Stanley. After that, he joined Goldman Sachs. There he worked for 5 years and 10 months as a Senior Analyst and Vice President. He completed his schooling at Kendriya Vidyalaya. He purs...
The business model of Furlenco is very simple. The company provides furniture, home appliances, and home decor on rent to its consumers. It enables people to lease tables, chairs, beds, couches etc on a monthly basis. People usually after losing a high value by selling furniture need furniture again. Furlenco is established for such kinds. The comp...
The revenue of the company is generated from the rental income. From decorations to home appliances all are recognized on the basis of the terms of the contract of hiring. Delivery charges are also included in the list. The company is providing a 10% discount on rent for the first 6 months. The offer is only valid when there is an order worth Rs. 1...
Furlenco has raised $265.2 million so far. Furlenco is funded by 21 investors, as per the latest records.
Furlenco reported a revenue of Rs 64 crore in the year FY19, which was only a revenue of Rs 40 crore in FY2018. The company has recently posted a revenue of Rs 84.3 crore in FY21, which is a slight decrease of around 6.3% from Rs 90 crore revenue it pulled out in FY20.
UNLMTD
Furlenco has introduced the UNLMTD annual subscription service on July, 15, 2021, which allows users to purchase the appliances and furniture they desire all at once and for a single price.
Offline Store
On September 6, 2023, Furlenco announced the opening of two physical locations in Bengaluru as part of an omnichannel growth plan.
Airbnb
Furlenco and Airbnb have partnered on December 22 ,2016 to provide customized interior design services for homes. Through the agreement, hosts on the homesharing platform can choose from a variety of distinctive furnishings selections.
Cashfree
In January 2022, Cashfree Payments announced a partnership with Furlenco, and with this partnership it is helping the subscription-based furniture rental company Furlenco to provide its clients with the quickest possible security deposit refund experience.
Being a player operating in one such industry like furniture rental and home decore, which is experiencing a growth spurt and is seeing a lot of competition lately, Furlenco is always put to test. Scaling its business and making it profitable is a real challenge for Furlenco as of June 2022.
- 2012
- Bangalore, Karnataka, India
- Ajith Mohan Karimpana
- Furniture Rental, Home Decor
The company is owned and operated by Bangalore-based Kieraya Furnishing Solutions. Initially, the company started as Rent Ur Duniya but was later renamed to Furlenco. [10] In December 2016, Furlenco partnered with Airbnb to offer personalized home interiors. [11]
- It is a Subscription Company. Subscription-based services work monthly, and you can specify how long you need the furniture. For instance, if you are opening an office in India, the company will get you all the office furniture that you will need for the duration of your operations.
- Furlenco also lets you Rent Appliances. In addition to furniture, the company lets you rent appliances that you can use in the home. Starting a new home is made much more manageable as getting it fitted with appliances is simple.
- Personalized Services. Every customer is unique, and Furlenco provides personalized services to its customers. These services are designed to fit different audiences such as students, expatriates, and even families.
- Furlenco Works on Debt Financing. According to Crunchbase, the company works on a debt financing business model with a total funding amount of $203.5 million.
Jul 8, 2016 · Furlenco designs and manufactures its own furniture to ensure it is easy to assemble and take apart with no wear and tear. It uses high quality wood, which can be easily mended with a round...
Sep 23, 2015 · Furlenco, owned and operated by Bangalore-based Kieraya Furnishing Solutions, is a first-of-its-kind home furniture rental start-up offering easy and affordable solutions to the...
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