Renting platform Flent has successfully raised Rs 6.5 crore in a funding round led by WEH Ventures. The platform aims to use the newly acquired funds to grow its core team and enhance its full-stack renting platform.
Notable Investors Join the Round
The funding round also saw participation from notable investors including US-based 2 AM Ventures, Pareto Holdings, and a group of influential angel investors such as Sanchan S Saxena (former General Manager at Airbnb), Aneesh Reddy (Founder of Capillary Technologies), Arjun Vaidya (Founder of Dr. Vaidya’s), Shradha Sharma (Founder of YourStory), and Abhilash N (Co-founder of Ivy Homes).
Flent Poised for Disruption in the Rental Market
Speaking about Flent’s potential, Rohit Krishna, General Partner at WEH Ventures, said, “Just as Amazon, Myntra, Swiggy, and Ola brought disruption through superior experience, Flent is creating an irreversible shift in the world of renting.”
Also Read: India to Manufacture Mercedes-Benz EQS SUV 580, A First Beyond US
The Health Factory Secures USD 3.5 Million Led by Peak XV’s Surge
In a separate development, The Health Factory, a bread brand focused on health-conscious consumers, has raised USD 3.5 million (approximately Rs 29 crore) in a funding round led by Peak XV’s Surge. The company plans to use the funds for research and development, team expansion, and scaling its operations across India.
Tier 1 and Tier 2 Cities Express Interest
Vinay Maheshwari, Founder of The Health Factory, shared, “We have received interest from numerous Tier 1 and Tier 2 cities, and this funding will allow us to expand our reach to more pin codes, ensuring our products are accessible to more consumers seeking healthier options.”
Angel Investors Back The Health Factory
The funding round also included participation from angel investors Kartik Mehta, Ali Tambawala, and Sunil Tulsiani.
Bookmybai Raises Rs 2 Crore from Inflection Point Ventures
Domestic help service provider Bookmybai has raised Rs 2 crore in a funding round led by Inflection Point Ventures. The Mumbai-based startup plans to use the funds to expand its presence to new locations and onboard 50,000 additional housemaids, aiming to strengthen its service efficiency and network.
Source PTI
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