Proptech startup Flent raises INR 6.5 Cr in pre-seed funding led by WEH Ventures to develop a full-stack urban renting platform.
Founded in October 2023, Flent’s ‘Flent Reserve’ product offers fully furnished homes with zero brokerage and minimal deposit within 15 days of sign-up.
The Bengaluru-based startup aims to simplify renting for working professionals, entering a competitive market that includes Nestaway and Zolo Stays.
Urban renting-focused proptech startup Flent has raised INR 6.5 Cr in a pre-seed funding round led by WEH Ventures.
The round also saw participation from 2 AM Ventures, Pareto Holdings and a host of angel investors, including Atlassian’s senior vice president Sanchan S Saxena, Capillary Technologies founder Aneesh Reddy, Dr. Vaidya founder Arjun Vaidya, YourStory founder Shradha Sharma and Ivy Homes founder Abhilash N.
The Bengaluru-based startup plans to use the fresh capital to expand its core team and develop India’s first full stack renting platform.
Founded by Shail Daswani, Mayank Lalwani and Rishabh Agnihotri in October last year, Flent offers a product called Flent Reserve, which allows customers to move into fully furnished homes within 15 days of signing up, with zero brokerage and minimal deposit.
“People compromise on so many things when it comes to renting—settling for outdated and unfurnished homes, hefty deposits, subpar brokers, and one-sided terms. We believe that in today’s world, compromise isn’t an option, especially for the new generation. At Flent, we’re making renting as simple as booking an Uber,” Daswani said.
(The story will be updated soon)
By Inc42 Media
Source: Inc42 Media