Flent, a prop-tech startup has raised ₹6.5 crore in a pre-seed funding round led by WEH Ventures.
The funding round also saw participation from US-based 2 AM Ventures, Pareto Holdings, and a group of angel investors, including Sanchan S Saxena (Ex-GM, Airbnb), Aneesh Reddy (Founder, Capillary Technologies), Arjun Vaidya (Founder, Dr. Vaidya’s), Shradha Sharma (Founder, YourStory) and Abhilash N (Co-founder, Ivy Homes).
The funds will be used to expand its core team and further develop India’s first full-stack renting platform, which aims to make renting 10 times easier and faster for India’s new-age working professionals.
“People compromise on so many things when it comes to renting—settling for outdated & unfurnished homes, hefty deposits, subpar brokers, and one-sided terms. We believe that in today’s world, compromise isn’t an option, especially for the new generation. At Flent, we’re making renting as simple as booking an Uber,” said Shail Daswani, Co-Founder and CEO, Flent.
Rohit Krishna, General Partner at WEH Ventures said, “Think of Flent as India’s first experience-led broker that doesn’t charge brokerage fees. Flent has shown solid validation that a full-stack model can deliver a superior experience for both tenants and property owners, offering a real alternative to the outdated renting process. Just as Amazon, Myntra, Swiggy, and Ola brought disruption via superior experience, Flent is creating an irreversible shift in the world of renting.”
Founded by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, the startup has seen solid traction for its flagship product Flent Reserve. Within 15 days of signing up & sharing their preferences, customers can move into a fully furnished, designer turnkey home with zero brokerage, a minimal deposit, and flexible stays ranging from 3 to 11 months.
Since its inception in October 2023, Flent has launched 120 rooms across Bangalore, from 1 BHK to 3 BHKs, all rented out within 10 days of launch. The company already has a waitlist of over 500 people and has consistently achieved 100% occupancy.
