India, March 7 -- Furniture rental startup Furlenco has raised INR 60 Cr (about $7 Mn) in debt funding from Northern Arc Capital and CredAvenue.

Furlenco raised the debt through two series of non-convertible debentures - INR 50 Cr by allotting 500 NCDs at an issue price of INR 10 Lakh each to Northern Arc and INR 10 Cr by allotting 40 NCDS at an issue price of INR 25 Lakh each to CredAvenue, as per its regulatory filings accessed by Inc42.

The startup last raised $140 Mn in its Series D funding round in 2021. The funding round, led by Zinnia Global Fund, CE-Ventures and Lightbox Ventures, comprised $120 Mn of venture debt and the remaining portion was equity funding. Overall, it has raised a total funding of over $269 Mn till date.

Fou...