Furlenco Eyes ₹1,200 Cr IPO At ₹7,000 Cr Valuation: Report

Furlenco, a Bengaluru-based startup in the furniture and appliance rental sector, is reportedly planning to launch a ₹1,000-1,200 Cr IPO with a valuation of approximately ₹7,000 Cr. The Economic Times reported these plans, citing unnamed sources. The final valuation will be determined closer to the IPO, contingent on market conditions and investor response during roadshows.

Furlenco aims to unveil the IPO in FY28 and is set to enlist ICICI Securities as a lead advisor. The IPO follows Furlenco's profitability in FY25, growing to ₹59.5 Cr net profit in FY26. The startup operates in over 28 cities and provides a wide range of rental products, including furniture and appliances. Operating revenue grew 61.9% to ₹370.4 Cr in FY26, while net profit increased nearly 20-fold to ₹59.5 Cr.

Furlenco's EBITDA nearly doubled to ₹129.5 Cr in FY26, with a 35.01% EBITDA margin. The company raised ₹125 Cr in December last year, led by Sheela Foam and joined by Whiteoak and Madhu Kela. Furlenco is one of several Indian startups preparing for their IPO, including Moneyview, Snapdeal parent AceVector, Spinny, and PhonePe.