India, Feb. 18 -- Bengaluru-based IT asset management startup Swish Club has raised $4.5 Mn funding in a mix of equity and debt in its pre-Series A round.

The funding round was led by Powerhouse Ventures, and also saw participation from Blume Ventures, Touchstone Ventures, and Atrium Ventures.

While $3.3 Mn was raised as equity, the remaining $1.2 Mn was secured as debt.

Founded in 2023 by Dushyant Sapre, Suraj Kumar, and Jai Anand, Swish Club offers an all-in-one platform for enterprises for renting laptops and smartphone leasing. Its rental solution comes with four pre-bundled software offerings - an asset management portal (AMP), mobile device management (MDM), antivirus protection, and a device cleaner.

The startup enables busines...