Furlenco raises $140 million from Zinnia Global Fund, others

Mumbai: Furniture subscription company Furlenco has raised $140 million (Rs 1,000 crore) in a mix of debt and equity, as part of its latest funding round led by Zinnia Global Fund, its founder said.

The funding will help the company expand its geographic reach, launch new products and plans, and support marketing, Ajith Mohan Karimpana told ET. “A large part of the fundraise is long-term structured debt whereas the remaining is equity capital,” said Karimpana, who is also the chief executive of the online furniture startup.