What is Flent and what does it offer?

Flent is a proptech startup that manages a network of fully furnished rental homes for urban professionals, handling design, furnishing, tenant onboarding, and maintenance.

How much funding did Flent raise and for what purpose?

Flent raised Rs 21 crore in a pre-Series A round to scale its team, expand beyond Bengaluru, and develop new rental management tools.

Which markets is Flent planning to expand into?

Flent plans to expand its operations beyond Bengaluru into markets such as Mumbai and Gurgaon.

Home / Business and Economy / Flent Secures Rs 21 Crore to Revolutionize Rental Housing

Flent Secures Rs 21 Crore to Revolutionize Rental Housing

12 Jan

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Summary

Flent raised Rs 21 crore, including equity and debt, for expansion.
The startup manages furnished rental homes for urban professionals.
Flent targets premium rental segment with a 90-95% occupancy rate.

Flent Secures Rs 21 Crore to Revolutionize Rental Housing

Proptech startup Flent has secured Rs 21 crore in a pre-Series A funding round, with Rs 17 crore from equity and Rs 4 crore from debt. This significant capital will fuel the company's expansion plans, allowing it to scale its team and extend its services beyond Bengaluru. The startup aims to launch operations in key markets like Mumbai and Gurgaon, enhancing its reach in the rental housing sector.

Flent specializes in managing a network of fully furnished rental homes designed for urban professionals. The company oversees all aspects of property management, from design and furnishing to tenant onboarding and maintenance, offering landlords a guaranteed rent model. Currently, Flent manages approximately 350 rooms across 140 homes in Bengaluru, primarily in the premium segment, maintaining impressive occupancy rates of 90-95%.