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

Days after rival RentoMojo’s strong stock market debut, furniture and appliance rental startup Furlenco is reportedly gearing up for a potential ₹1,000-1,200 Cr IPO. The Bengaluru-based startup is seeking a valuation of around ₹7,000 Cr (about $xx Mn) through the proposed issue, the Economic Times reported, citing sources. However, the final valuation is expected to be decided closer to the IPO, depending on market conditions and investor feedback during roadshows.