India, Nov. 8 -- Furniture renting startup Furlenco reported a decline in its operating revenue while marginally reducing its losses in the financial year ended March 31, 2024.

The Bengaluru-based startup's operating revenue declined 10.4% to INR 139.56 Cr in FY24 from INR 155.78 Cr in the previous fiscal year.

However, total revenue, including other income, declined 3.54% to INR 151.90 Cr during the year under review from INR 157.49 Cr in the previous fiscal year.

The company marginally improved its bottom line, narrowing its consolidated net loss by 2.3% to INR 129.97 Cr in FY24 from INR 127.04 Cr in FY23.

Founded in 2012 by Ajith Mohan Karimpana, Furlenco operates an online subscription-based furniture rental platform in Bengaluru,...