In a Pre-Series A round, Bengaluru-based proptech startup Flent raised Rs 21 crore (roughly $2.5 million), comprising Rs 4 crore in debt and Rs 17 crore in equity. WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and a number of angel investors, including Rajesh Yabaji, co-founder of BlackBuck, participated in the round, which was led by Incubate Fund Asia.
Additionally, as part of the round, more than 40 landlords and tenants who used Flent’s platform contributed a total of Rs 1 crore.
Mumbai and Gurugram have been identified as the next markets to be expanded beyond Bengaluru with the help of the proceeds. Additionally, Flent intends to introduce new services throughout the rental process, such as AI-led location and budget discovery, vacancy protection for landlords, and flatmate discovery.
Flent, a full-stack rental platform that offers fully furnished, move-in-ready homes with flexible lease terms, was founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani. It eliminates brokerage and substantial security deposits while managing the whole lifecycle, including design, onboarding, tenant screening, maintenance, and rent assurance.
With reported occupancy rates of 90–95%, Flent currently oversees 350 rooms spread across 140 upscale residences in Bengaluru. The company claims that the average customer stays for about 14 months.
The brand is focusing on high-value residential properties on the supply side, especially those owned by investors and non-resident Indians (NRIs), where professional property management is still dispersed.
