Furnishing Rental Firm FlatFurnish Raises Angel Funding

Gurgaon-based furnishing rental company, FlatFurnish.com, has raised an undisclosed amount of funding from Jabong Founder Arun Chandra Mohan. The funding will be used in expansion of the company.

Furniture inventory posted on the website is manufactured by the company itself. Flatfurnish follows in-house designing of products to make sure that the products being manufactured are durable

Flatfurnish follows in-house designing of products to make sure that the products being manufactured are durable (Image Source)

It was founded by IIT Kanpur Alumni, Jyoti Goyal, Aritra Saha and Jeetesh Agrawal. All three co-founders have also led teams for companies in eCommerce sector, like Jabong, Quikr & Wadi.

FlatFurnish does not only help newly settled to rent furniture but it also has other appliances, fitness products and also offers packages according to the size of the place. Instead of renting a furnished flat, people can now choose to get an unfurnished one and rent the furniture and appliances too.

They’re a marketplace where vendors manufacture designs for the company and the payment is made on a monthly basis. The company follows in-house designing of products to make sure that the products being manufactured are durable and their quality is maintained over a period of time.

On the business model, Jeetesh stated that renting makes sense because there is a huge price gap in the rent of furnished and unfurnished apartments.

Rentomojo is one similar company that provides service to rent furniture, it  raised $2 million in November 2015. Other competitors include Furlenco, Rentongo, Rentwala etc.

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