Flent, the Indian prop-tech company redefining urban renting, has raised INR 21 Cr in a Pre-Series A round, comprising INR 17 Cr in equity and INR 4 Cr in debt. The round was led by Incubate Fund Asia, with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and angel investors including Rajesh Yabaji, Co-founder & CEO of Blackbuck. In a unique show of confidence, over 40 of Flent’s own landlords and tenants collectively invested INR 1 Cr.
Flent’s full-stack model bypasses the friction of India’s archaic rental market by offering fully furnished, designer turnkey homes with flexible renting options. Tenants benefit from no brokerage, no hefty deposits, and aesthetic homes, while homeowners enjoy consistent rental yields, zero fees, and hassle-free management.
Targeting the estimated 20 lakh white-collar professionals seeking premium dwelling spaces across India’s top five cities, Flent aims to capture a ₹40,000 Cr rental opportunity over the next five years.
Shail Daswani, Co-Founder and CEO of Flent, said: “We’re irreversibly changing how affluent India experiences renting, and this investment is the jet fuel for that transformation. In the coming months, we’ll launch new products across the renting funnel — from flatmate matching to vacancy cover for landlords to an AI broker that helps tenants choose the right locality and budget. Beautifully designed homes were just the beginning; we want to disrupt every touchpoint in the renting process.”
The company plans to use the fresh capital to expand beyond Bangalore into Mumbai and Gurgaon, while scaling its team and product offerings. On the supply side, Flent is targeting premium residential inventory valued above INR 1.5 Cr, much of it owned by investors and NRIs seeking professional property management solutions.
Rajeev Ranka of Incubate Fund Asia commented: “We are delighted to partner with the young and aspirational Flent team as they transform the rental experience across every touchpoint. Flent’s innovative platform and customer-centric approach deliver significant value to both tenants and owners, establishing a next-generation asset management model that ensures consistent yields while eliminating operational challenges.”
Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent has scaled rapidly to 350 rooms across 140 premium homes in Bangalore, maintaining 90–95% occupancy rates and creating a loyal customer base with average stays of 14 months. This strong retention underscores the “Flent Effect” — a blend of superior tenant experience and landlord satisfaction that is reshaping India’s rental ecosystem.
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