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Proptech startup Flent raises $2.5 Mn in pre-Series A round

EntrackrEntrackr · 4d ago
Proptech startup Flent raises $2.5 Mn in pre-Series A round
Medial

Proptech startup Flent raises $2.5 Mn in pre-Series A round Bengaluru-based proptech startup Flent has raised Rs 21 crore (about $2.5 million) in a Pre-Series A round, including Rs 17 crore in equity and Rs 4 crore in debt. The round was led by Incubate Fund Asia, with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and a group of angel investors, including BlackBuck co-founder Rajesh Yabaji. In addition, over 40 landlords and tenants using Flent’s platform collectively invested Rs 1 crore as part of the round. The proceeds will be used to expand beyond Bengaluru, with Mumbai and Gurugram identified as the next markets. Flent also plans to roll out new offerings across the rental journey, including flatmate discovery, vacancy protection for landlords, and AI-led location and budget discovery tools. Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent operates a full-stack rental platform offering fully furnished, move-in-ready homes with flexible lease terms. It manages the entire lifecycle, design, onboarding, tenant screening, maintenance, and rent assurance while removing brokerage and large security deposits. Flent currently manages 350 rooms across 140 premium homes in Bengaluru, with reported occupancy levels of 90–95%. The average customer stay is around 14 months, according to the company. On the supply side, the brand is targeting high-value residential properties, particularly those owned by investors and NRIs, where professional property management remains fragmented.

Car servicing startup GaadiMech raises pre-seed round led by AJVC

EntrackrEntrackr · 3m ago
Car servicing startup GaadiMech raises pre-seed round led by AJVC
Medial

Car servicing startup GaadiMech raises pre-seed round led by AJVC Car servicing platform GaadiMech.com has raised Rs 1.5 crore in a pre-seed funding round at a $2 million valuation led by AJVC. The funds will be used to expand beyond Jaipur, where it is already operational in Jodhpur and Udaipur, strengthen product and tracking capabilities, and standardize quality across service hubs, GaadiMech said in a press release. Co-founded in 2020 by Surakshit Soni and Sarvesh Kabra, GaadiMech aims to empower the automotive service industry. The company operates through an online platform and physical service centers, offering express car services, transparent pricing, and genuine parts to deliver a streamlined and reliable vehicle maintenance experience. “Car care should feel like a pit stop, not a full-day chore. With 90 minutes, live tracking, and 100% transparency, we’re rebuilding trust in an unorganized market,” said Surakshit Soni, Co-founder of GaadiMech. The company’s 90-minute Express Car Service combines parallel workflows, real-time tracking, and upfront pricing to create a pit-stop experience for car owners. It plans to scale across India with an asset-light service model. Lead investor AJVC recently announced the final close of its maiden fund, with commitments exceeding Rs 200 crore. Its recent investments include Nuyug, a jewellery brand focused on celebration wear, and Mithila Foods, an FMCG company developing Bihar-based food products.

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