Proptech startup Flent raised Rs 6.5 crore in a pre-seed round led by WEH Ventures to expand its core team and develop a full stack renting platform.

Sep 25, 2024•about 1 year ago

Amount Raised

₹65 Million

Round Type

seed

BengaluruProperty ManagementRentalReal EstateHospitality

Investors

Abhilash NArjun VaidyaAneesh ReddySanchan S SaxenaPareto Holdings2 Am VenturesWeh Ventures

Description

Flent has successfully raised Rs 6.5 crore in its pre-seed funding round with contributions from WEH Ventures and several angel investors. The funds will be utilized to enhance their team and improve their rental platform that simplifies the renting process for working professionals in India.

Company Information

Company

Flent

Location

Bengaluru, Karnataka, India

About

Flent is a proptech startup that aims to make renting significantly easier and faster for new-age working professionals in India. Founded by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, it offers a full stack renting platform that enables customers to move into furnished homes with minimal deposit and zero brokerage. The company has quickly gained traction, launching 120 rooms in Bengaluru within weeks of inception and maintaining a high occupancy rate. Flent also manages the entire rental process for homeowners, ensuring a seamless experience.

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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