Flent, a property tech startup based in Bengaluru, just got ₹21 crore (around $2.5 million) in a Pre-Series A funding round. They’re planning to use the money to grow outside of their home city and improve what they offer. The round included ₹17 crore in investments and ₹4 crore in debt, which shows that investors really believe in how Flent works and the progress they’ve already made.
Incubate Fund Asia led the funding round, with others like WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and some angel investors also kicking in, including Rajesh Yabaji, who co-founded BlackBuck. What’s cool is that over 40 landlords and renters who use Flent invested a total of ₹1 crore. This shows people really trust and like the brand.
Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani started Flent in October of last year. It’s a rental platform that handles everything. They offer fully furnished places that are ready to move into, with flexible contracts. Flent takes care of the whole rental process, from designing the property to finding renters, keeping things maintained, and making sure rent is paid. They get rid of annoying things like brokerage fees and huge security deposits.
Right now, Flent manages 350 rooms in 140 nice homes in Bengaluru. They say that 90–95% of their places are occupied, and people stay for about 14 months on average. The company focuses on nicer houses, especially those owned by investors and people living outside of India.
With the new funds, Flent wants to move into Mumbai and Gurugram. They also plan to add new services, like helping people find roommates, protecting landlords from empty houses, and using AI to support you find places and stay within budget.
This funding for Flent is part of a bigger trend. Brands that make difficult things simpler are getting money. More people are moving to cities, wanting flexibility, and seeking managed living options.
Flent is trying to become a brand that people can rely on, offering convenience and honesty. For investors watching the market, Flent’s Pre-Series A round shows how a company can get off to a strong start in a big market if they do things well and gain customer trust.
