Furlenco, a leading Indian furniture and appliance rental platform, is preparing for an initial public offering targeting ₹1,000-1,200 crore, seeking a valuation around ₹7,000 crore. The move follows its profitability milestone and the strong market reception of competitor RentoMojo.
- Furlenco targets ₹1,000-1,200 Cr IPO at ₹7,000 Cr valuation.
- Profitable since FY25 with 20X net profit surge in FY26.
- IPO launch expected in FY28 with ICICI Securities as advisor.
What happened
Furlenco, a Bengaluru-based furniture and appliance rental startup, is reportedly gearing up for an initial public offering (IPO) aiming to raise between ₹1,000 and ₹1,200 crore. The company seeks a valuation of approximately ₹7,000 crore through this proposed issue. The startup plans to go public by the fiscal year 2028 and is expected to appoint ICICI Securities as its advisor for the listing process.
This announcement comes shortly after competitor RentoMojo’s strong stock market debut, which closed with significant subscription and premium listing gains. Furlenco has yet to confirm details publicly, but sources indicate the company is preparing for roadshows to gauge investor interest and finalize valuation closer to the IPO launch.
Why it matters
Furlenco has been on a strong growth trajectory, turning profitable in fiscal year 2025 and massively scaling its net profit in fiscal year 2026 by nearly 20 times to ₹59.5 crore. Its operating revenue surged almost 62% year-over-year to ₹370.4 crore, with rental services comprising the majority of income. This financial momentum reflects growing consumer adoption of subscription-based furniture and appliance rentals in India’s urban centers.
The planned IPO will enable Furlenco to raise substantial funds to deepen its presence in current markets and launch in new cities while investing in product innovation and technology enhancements. With more than $290 million already raised from prominent investors, the public issue marks a critical step in the startup’s maturation and ambition to capitalize on a lucrative rental economy.
What to watch next
Investors and market watchers should follow Furlenco’s upcoming roadshows and the final valuation it secures, which will depend on market sentiment and comparative performance of recent listings such as RentoMojo. The appointment of ICICI Securities as the IPO advisor will also provide clues about the company’s market positioning and IPO strategy.
Additionally, attention should focus on how Furlenco leverages the raised capital post-IPO to sustain growth amid increased competition and economic shifts. With several other Indian startups gearing up for IPOs, Furlenco’s listing will be a key indicator of investor appetite in the expanding subscription rental and startup ecosystem in India.