Lightbox Ventures Leads USD10m Debt and Equity Investment in Indian Furniture Rental Startup Furlenco

Source(s): VCCircle

VC firm Lightbox Ventures led a USD10m debt and equity financing round for India-based furniture rental startup Furlenco. Lightbox and Dabur scion Saket Burman, who invested through his personal investment arm Chowdry Associates, provided equity financing. A group of ultra-high-net-worth individuals including Kris Gopalakrishnan, former CEO of Infosys, and Gautham Radhakrishnan, a former partner with private equity firm Tata Capital, have provided debt financing through non-convertible debentures issued by the company. Read more