Proptech Startup Flent Raises INR 21 Cr To Expand Into Mumbai And Gurugram
Bengaluru-based proptech startup Flent has raised INR 21 Cr (approximately $2.3 Mn) in a pre-Series A funding round to scale operations and expand into new markets, including Mumbai and Gurugram.
The funding round was led by Incubate Fund Asia, with participation from Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and existing investor WEH Ventures. The round also saw backing from prominent angel investors, including Rajesh Yabaji, cofounder and CEO of BlackBuck.
The total capital infusion includes INR 17 Cr in equity and INR 4 Cr in debt financing.
Expansion Plans And Product Roadmap
Flent plans to utilise the fresh capital to strengthen its team and expand its footprint beyond Bengaluru. As part of its growth strategy, the startup will soon launch operations in Mumbai and Gurugram, targeting young working professionals in metro cities.
Sharing the company’s roadmap, Flent cofounder and CEO Shail Daswani said,
“In the coming months, we’ll be launching more products across the renting funnel — from flatmate matching and vacancy cover for landlords to an AI-powered broker that helps renters identify the right locality and budget based on their needs.”
About Flent
Founded in 2023 by Shail Daswani, Mayank Lalwani, and Rishabh Agnihotri, Flent offers fully furnished, designer rental homes tailored for young professionals. The startup follows a full-stack rental model, managing properties end-to-end for homeowners while simplifying the renting experience for tenants.
Flent claims to offer zero brokerage, minimal security deposits, and flexible rental terms, addressing common pain points such as high upfront costs and poorly maintained housing faced by urban migrants.
Currently, the startup has grown to 150+ homes, housing over 360 residents, and has a waitlist of more than 1,000 prospective customers.
Market Opportunity And Competition
Flent is targeting an estimated 20 lakh white-collar professionals seeking quality rental housing across India’s top five cities. The premium rental housing segment is expected to grow into a INR 40,000 Cr market over the next five years.
Before this round, Flent had raised $1.3 Mn from investors including WEH Ventures, 2 AM Ventures, Pareto Holdings, and others.
In the competitive Indian proptech landscape, Flent competes with established players such as Zolo Stays, Settl, and Nestaway, as it looks to redefine urban renting through design-led homes and technology-driven solutions.
