Proptech Startup Flent Secures ₹6.5 Crore Funding to Revolutionize Renting for Working Professionals

In an exciting development for the Indian real estate scene, Bengaluru-based proptech startup, Flent, has bagged an impressive ₹6.5 crore in pre-seed funding. Led by WEH Ventures, this funding round saw participation from 2 AM Ventures, Pareto Holdings, and a group of angel investors including industry leaders like Sanchan S Saxena from Atlassian, Aneesh Reddy of Capillary Technologies, Arjun Vaidya of Dr. Vaidya, and Shradha Sharma, the founder of YourStory.

A New Era of Renting

Flent was born out of a simple yet ambitious idea: to make renting as easy as booking an Uber. Founded in October 2023 by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, Flent promises fully furnished homes, without the hassle of hefty deposits or brokerage fees. The startup claims that customers can move into a fully furnished home within just 15 days of signing up, eliminating the traditional headaches associated with renting.

"We’re changing the narrative. People often settle for outdated homes, huge deposits, or unreliable brokers. But in today's fast-paced world, why should we compromise? At Flent, we’re streamlining the rental process, offering a transparent and stress-free experience," said Daswani, one of the co-founders.

Building the Future: Expansion and Innovation

With this fresh capital, Flent plans to grow its core team and build India’s first full-stack renting platform, a game-changer in the rental market. The goal is to provide an all-encompassing solution for tenants, from listing to moving in. The startup also plans to further expand its property listings and tech-driven solutions.

Since its launch, Flent has listed over 120 homes across Bengaluru, including 1 BHK to 3 BHK units. In a matter of days, all these units were rented out, with the startup proudly announcing a 100% occupancy rate and a waitlist of over 500 eager renters. Clearly, the demand for seamless rental solutions is only growing.

Rising Amidst a Competitive Market

Flent’s unique offering places it in direct competition with well-established players in the proptech space, including Zolo Stays, Settl, and Nestaway—the latter having been acquired by Aurum PropTech for ₹90 crore in June 2023. Yet, Flent seems poised to stand out with its emphasis on convenience and customer experience.

The Indian proptech sector has been buzzing with investor interest recently. Just earlier this month, JUSTO Realfintech raised $7 million from Arbour Investments, while HouseEazy secured a $7 million Series A funding led by Chiratae Ventures in August. Even in a crowded market, Flent is making its mark, and with the current momentum, the future seems bright for this ambitious startup.

What’s Next for Flent?

With this new funding and a bold vision, Flent aims to reshape the urban rental market in India, focusing on working professionals who demand modern, flexible, and hassle-free living. By leveraging technology and capitalizing on the unmet demand in the market, Flent is ready to scale and take on the giants of the proptech industry.