Led · Equity · Dec 2025

Founded in 2012, Furlenco operates a subscription-led furniture platform that allows customers to rent, buy, or acquire refurbished furniture for their homes. The company reports serving more than 150,000 active subscribers and claims to have furnished over one million homes across India. Its model emphasizes convenience and flexibility, enabling monthly payments instead of large upfront purchases. Furlenco turned profitable in FY25, generating Rs 240 crore in revenue and Rs 3 crore in profit, a swing from a Rs 139 crore loss in FY24. To date, the firm has secured about $313 million in equity and debt backing from investors such as Sheela Foam, Lightbox Ventures, Crescent Ventures, and Eagles. The newly raised capital will be deployed to broaden the product portfolio, bolster omnichannel distribution, and scale operations. Management has indicated that these initiatives are part of a multiyear roadmap aimed at positioning the business for an eventual IPO.

Led · Equity · Feb 2022

RapiPay is a fintech firm building NYE, a digital banking super app designed to let users manage multiple bank accounts, transactions and financial services through a single login and unified transaction summary. The company says NYE will offer salary and current accounts, payment solutions, retail and business loans, Buy Now Pay Later, investments, insurance and other convenience services. RapiPay raised $15 million to build a robust digital financial ecosystem for consumers and businesses and to drive adoption of NYE. Leadership highlighted the app’s role in onboarding the retail network of investor partners and providing seamless, secure banking and financial services. RapiPay currently processes about 10 lakh daily transactions and has served over 10 crore customers. The company has set targets for 2025 including 20 lakh primary current and salary accounts, 10 lakh POS machines, a $30 billion GTV, 15 crore unique customers, 35 lakh daily transactions and 20 lakh hybrid direct business outlets.