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Havish Gupta
Figuring Outย โขย 1y
Imagine getting only 10% of what you paid while reselling your 2 year old furniture! Well, that happened to Ajith Mohan in the USA. Thus, To address this problem, Furlenco was born in 2013. Furlenco allows owners to rent furniture for a short period of time, helping users save money and get quality furniture togeather. They also enable people to rent out their excess furniture to earn additional income. Tho, they their masterpiece is their membership called UNLMTD With this, you can get upto 15 furniture items (like Bed, cupboard, etc) for just โน6800 per month which is great for people living in a house for a short period. These awesome products have enabled them to raise over $250 million, along with over โน150 crore in revenue in FY23. Additionally, their product naming team is creative, with one of their beds named "Lit AF Double Bed." ๐ However, the problem is that the founders hold less than 5% equity. What do you think?
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