The furniture rental service pulled in $17.5m from a round led by Crescent Enterprises' corporate venture capital vehicle as it prepares to expand into the Middle East.
CE Ventures, the corporate venturing arm of diversified conglomerate Crescent Enterprises, has led a $17.5m funding round for India-based home furniture rental service Furlenco, Mubasher has reported.
The round also featured Innovative Quest, the holding company for office furniture supplier Featherlite, as well as venture capital firm Lightbox.
Founded in 2012 and also known as Kieraya Furnishing Solutions, Furlenco provides a range of furniture items, décor and home appliances through a monthly subscription scheme, helping customers decorate their property without…
