Furlenco gets a lifeline, to raise Rs 300 crore from Sleepwell parent

The mattress maker has announced that it will infuse capital at a surprisingly high valuation of Rs 857 crore, giving it a 35% stake in the struggling furniture rental startup.

18 July, 20234 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
Furlenco gets a lifeline, to raise Rs 300 crore from Sleepwell parent

You may also like

Internet
Story image

In Indian VC landscape, capital outpaces opportunity

The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.

Internet
Story image

FirstCry’s Mideast conundrum

The Indian mother and baby products retailer has been slow to grow in the two largest markets of the Gulf. What gives?

Internet
Story image

A changing country: inside India’s instant house help moment

Snabbit, Pronto and Insta Help are pulling in users with speed and low prices. We begin by asking the most basic question: who is this service really for?