India, Dec. 3 -- Furniture rental startup Furlenco has raised INR 125 Cr (about $15 Mn) in a funding round led by existing investor Sheela Foam, along with participation from Whiteoak and Madhu Kela.

Notably, Sheela Foam got its board's approval last month to invest an additional capital of up to INR 30 Cr in Furlenco parent House of Kieraya.

Furlenco plans to deploy the fresh capital to strengthen its presence in existing markets and enter new markets in the country, invest in product innovation, technology and customer experience.

"With a clear path to profitability and scale, this round sets us up strongly for the next coming years, as we work towards building a long-term, public-market ready business," said Furlenco founder Ajith M...