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

EntrackrEntrackr · 25d 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.

Full-stack re-commerce company Grest raises 16 Cr led by Equentis Wealth

EntrackrEntrackr · 10d ago
Full-stack re-commerce company Grest raises 16 Cr led by Equentis Wealth
Medial

Full-stack recommerce company Grest has raised Rs 16 crore in a growth funding round led by Equentis Wealth, along with participation from JIIF, The Chennai Angels, India Accelerator, Lead Invest, and 8i Ventures. The Gurugram-based company had previously mopped up $2.29 million from Equentis Wealth and others. The fresh funds will be used to scale direct-to-consumer (D2C) operations across online and offline channels, upgrade infrastructure and supply chain capabilities, enhance technology platforms, and strengthen brand awareness, Grest said in a press release. Co-founded in 2018 by Shrey Sardana and Nitin Goyal, Grest operates a full-stack recommerce model, managing sourcing, renewal, quality assurance, distribution, and after-sales service in-house. The company focuses on premium renewed Apple devices, including iPhones, MacBooks, and iPads, supported by warranties and structured after-sales support. According to Grest, each device undergoes a more than 50-point quality inspection process. All products are backed by a 12-month promise period, aimed at delivering a consistent and reliable ownership experience. The platform claims to have reduced over 15,500 metric tonnes of CO₂-equivalent emissions by extending device life cycles and preventing electronic waste. Grest claims to have recorded a nine-fold increase in revenue, growing from Rs 2.9 crore in FY23 to Rs 25.7 crore in FY25, and is targeting Rs 50 crore in revenue in FY26. The company plans to open five company-owned and company-operated (COCO) retail stores by March 2026, while expanding partnerships with large-format retailers (LFRs) and Apple premium resellers. Grest asserts that it serves over 2 lakh customers and more than 100 enterprises and institutions, operating from its renewal facility in Gurugram.

Prop-tech startup WeHouse raises Rs 25 Cr from Anthill Ventures and others

EntrackrEntrackr · 4m ago
Prop-tech startup WeHouse raises Rs 25 Cr from Anthill Ventures and others
Medial

Snippets Prop-tech startup WeHouse raises Rs 25 Cr from Anthill Ventures and others The round saw participation from existing backers Anthill Ventures, Suresh Babu Daggubati, Gaurav Marya, Mohnish Yerra, among others. Gyan Vardhan 11 Sep 2025 Prop-tech startup WeHouse (formerly Hocomoco) has raised Rs 25 crore (around $2.8 million) in a Series A funding round, a mix of debt and equity. The round saw participation from existing backers Anthill Ventures, Suresh Babu Daggubati, Gaurav Marya, Mohnish Yerra, among others. The Hyderabad-based company had earlier raised $1.86 million from Anthill Ventures and other investors. The fresh capital will be used to expand operations to new cities, including Coimbatore, Ahmedabad, Jaipur, Surat, and Chandigarh, by the end of this year, WeHouse said in a press release. Founded in 2017 by Sripad Nandiraj and Rohan Vinayak Reddy, WeHouse is a prop-tech startup that provides tech-led solutions for home construction and reconstruction. It operates as an aggregator platform, bringing together all stakeholders in the construction process—architects, contractors, material suppliers, engineers, and skilled labour. Its services cover the entire construction journey, from approvals and design (architectural and structural) to project execution and interiors. The company also offers a tech-driven monitoring system that provides clients with real-time visibility into their projects. According to market research, India’s residential construction market is projected to reach $373 billion by 2030. At present, WeHouse operates in Chennai, Hyderabad, and Vijayawada. The company claims to have executed more than 400 projects, delivered 250, and currently has an order book worth Rs 150 crore. Its revenue model includes charging customers on a per sq. ft. basis (with commissions varying by city), selling materials to contractors, and providing on-demand interior design services. WeHouse competes with players such as Brick&Bolt, which is active in both residential and commercial construction across cities including Hyderabad and Chennai.

Flipspaces raises Rs 50 Cr from Asiana Fund

EntrackrEntrackr · 7m ago
Flipspaces raises Rs 50 Cr from Asiana Fund
Medial

Flipspaces raises Rs 50 Cr from Asiana Fund Commercial interior design startup Flipspaces has raised Rs 50 crore (around $5.9 million) from Asiana Fund. The round is an extension of a $35 million round raised last month. The fresh capital will be used to scale operations across India, the US, and the UAE, strengthen its proprietary technology platform, and evaluate strategic acquisitions in related sectors. Founded in 2015 by Kunal Sharma, Ankur Muchhal, Vikash Anand, Mrinal Sharma, Prafful Sahu, and Ritesh Ranjan, Flipspaces provides full-stack interior design and execution services for commercial spaces. The company’s tech-enabled offering includes space visualization, project management tools, and product sourcing capabilities. Kunal Sharma, Co-founder and CEO of Flipspaces, said, “Asiana’s decades of experience in building operational scale and customer-first brands will be of immense value to us. Their insights will help our leadership team sharpen strategy and execution.” Flipspaces claims to have delivered over 8 million sq. ft. of commercial spaces for over 1,000 clients globally, including SMBs, large enterprises, co-working spaces, and retail brands. Its proprietary tools enable immersive visualizations and remote project monitoring through 360-degree views, enhancing client experience and operational efficiency. While Flipspaces has yet to file its annual financial report for FY25, the company registered an operating revenue of Rs 190 crore in FY24, a 90% increase from Rs 100 crore in FY23. The company reduced its losses to Rs 8 crore in FY24 from Rs 19 crore in FY23.

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