Flent, a proptech startup, has successfully raised Rs 6.5 crore in a pre-seed funding round, which WEH Ventures led. This round also saw participation from other notable investors, including US-based 2 AM Ventures, Pareto Holdings, and several angel investors such as Sanchan S Saxena, formerly with Airbnb, and Aneesh Reddy, the founder of Capillary Technologies. Prominent entrepreneurs Arjun Vaidya, founder of Dr. Vaidya’s, and Abhilash N, co-founder of Ivy Homes, also contributed to the funding round.
The capital raised will strengthen Flent’s core team and advance its full-stack renting platform. Flent aims to revolutionize the renting experience for India’s young working professionals by making the process significantly faster and easier. The startup promises to reduce the hassle of renting, streamlining the process with minimal paperwork and a user-friendly approach to property rentals. Their mission is to deliver a seamless rental experience that is 10X faster than traditional models.
Founded by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, Flent has gained considerable traction in the market with its innovative flagship product, Flent Reserve. This service enables customers to move into fully furnished, designer homes within just 15 days of signing up and stating their preferences. The platform eliminates the typical hurdles associated with renting, such as broker fees and high-security deposits, and offers flexible lease terms from 3 to 11 months.
Since its inception in October 2023, the company has already launched 120 rooms across Bengaluru, ranging from 1 BHK to 3 BHK configurations. All of these rooms were rented out within 10 days of launch, signaling the high demand for Flent’s turnkey rental solutions. The startup has achieved 100% occupancy rates, a remarkable achievement for a young company in a competitive market.
In addition to catering to renters, Flent also provides a comprehensive property management service for homeowners. The startup manages the entire process, from acquiring properties to furnishing them and turning them into turnkey rentals. This not only alleviates the burden on homeowners but also ensures a steady stream of rental income, with minimal effort on their part.
With a growing waitlist of over 500 potential renters, Flent is well-positioned to expand further in the Indian rental market. Their innovative approach to renting, which caters to both tenants and homeowners, is gaining momentum, and the recent infusion of funds will allow them to scale up their operations to meet rising demand.
