Furlenco raises ₹125 cr from Sheela Foam & aims for an IPO
Summary
Furniture and home-lifestyle brand Furlenco has raised 125 crore in its latest funding round from Sheela Foam Limited, along with participation from investors such as Whiteoak and Madhu Kela.This funding comes at a time when Furlenco is eyeing for a potential IPO over the next few years.The fresh capital will be utilised to deepen Furlencos presence in existing cities and expand into new high-potential markets across India, while further investing in product innovation, technology, and customer experience. Furlenco will also deploy the funds to strengthen its supply chain, expand its portfolio of furniture and home products, and scale its offline and omnichannel footprint to reach a wider set of urban consumers.Speaking of the funding, Ajith Mohan Karimpana, Founder and CEO, Furlenco said, We are embarking on the next phase of Furlencos growth journey. This fundraise will help us deepen our presence in existing markets, strengthen our footprint and bring our offerings closer to more customers. With a clear path to profitability and scale, this round sets us up strongly for the next coming years, as we work towards building a long-term, public-market ready business.Furlenco turned profitable in FY25 and achieved 240 crore in revenue and 3 crore profit from -139 crore in FY24, backed by its asset-light subscription model and disciplined capital allocation. Furlenco has more than 1.5 lakhs active subscribers and has furnished over 10+ lakhs houses in India since inception.More Like This