Flent, a Bengaluru-based proptech startup, has raised ₹21 crore in a pre-Series A funding round, comprising ₹17 crore in equity and ₹4 crore in debt.
The round was led by Incubate Fund Asia, with participation from existing investors, including WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, as well as a group of angel investors, including Rajesh Yabaji, Co-founder & CEO, Blackbuck.
In addition, over 40 landlords and tenants using Flent’s platform collectively invested ₹1 crore as part of the round.
The fresh funds raised will be used to scale its team and expand its footprint beyond Bangalore, and launch operations in markets like Mumbai & Gurgaon.
Previously, in September 2024, Flent raised ₹6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from 2 AM Ventures and Pareto Holdings.
Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri and Shail Daswan, 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.
The company has built a network of fully furnished, designer, turnkey homes with flexible renting options. With no brokerage, no hefty deposits, and aesthetic homes, tenants get a hugely improved experience than from the average landlord. Similarly, homeowners get consistent and improved rental yields, with zero fees and no operational hassle.
Currently, Flent has a portfolio of 350 rooms across 140 premium homes in Bangalore.
It claims to have consistently maintained an exceptional 90-95% occupancy rate and has created over 300 happy customers in the city who stay for an average duration of 14 months.
Flent aims to capitalise on the estimated 20 lakh white-collar professionals seeking quality dwelling spaces across India’s five major cities, a premium rental opportunity that’s projected to be a ₹40,000 crore market in the next 5 years.
The supply side of this market is equally compelling. Flent is targeting premium residential inventory (valued above ₹1.5 crore) in top metro cities, with a massive portion owned by investors, particularly Non-Resident Indians (NRIs).
Shail Daswani, Co-Founder and CEO, Flent, said, “We’re irreversibly changing how affluent India experiences renting, and this investment is the jet fuel for that transformation. In the next few months, we’ll be launching more products across the renting funnel, from flatmate matching to a vacancy cover for landlords to an AI broker that helps you figure out the right locality & budget based on your requirements. Beautifully designed, furnished rental homes were just the beginning. We want to pick & disrupt all possible touchpoints in the entire renting process, for both landlords as well as tenants.”
Rajeev Ranka from Incubate Fund Asia, said, “We are delighted to partner with the young and aspirational Flent team as they work to transform the rental experience across every touchpoint of the customer journey. Flent’s innovative technology platform and commitment to customer experience provide significant value to both tenants and owners. For homeowners, Flent is establishing a next-generation asset management model that delivers consistent rental yields while eliminating operational challenges.”
