Bengaluru-based proptech startup Flent has raised Rs 21 crore (approximately $2.5 million) in a pre-Series A round. The funding includes Rs 17 crore in equity and Rs 4 crore in debt.
The round was led by Incubate Fund Asia. Other participants included WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and several angel investors. These included BlackBuck co-founder Rajesh Yabaji.
Besides institutional backing, Flent also saw participation from its user base. Over 40 landlords and tenants on the platform collectively invested Rs 1 crore as part of the round.
Flent plans to use the capital to expand outside Bengaluru. Mumbai and Gurugram have been identified as the next markets.
In addition, the company plans to introduce new services across the rental lifecycle. These include flatmate discovery, vacancy protection for landlords, and AI-led tools for location and budget discovery.
Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent operates a full-stack rental platform. The company offers fully furnished, move-in-ready homes with flexible lease terms.
The platform manages the end-to-end rental process. This includes home design, onboarding, tenant screening, maintenance, and rent assurance. It also removes brokerage fees and large security deposits.
Flent currently manages 350 rooms across 140 premium homes in Bengaluru. According to the company, occupancy levels range between 90% and 95%.
The average customer stay on the platform is about 14 months.
On the supply side, Flent is targeting high-value residential properties. These are primarily owned by investors and NRIs, where property management continues to remain fragmented.
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