Furlenco Eyes ₹1,200 Crore IPO At Around ₹7,000 Crore Valuation
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Furlenco is planning a potential ₹1,000-1,200 crore IPO, with the subscription-based furniture company seeking a valuation of around ₹7,000 crore. The issue is expected in the next fiscal year.
ubscription-based furniture company Furlenco is preparing for a potential initial public offering (IPO) of ₹1,000-1,200 crore. The company is also seeking a valuation of around ₹7,000 crore as it moves towards the proposed public issue.
The proposed issue could include a primary capital raise as well as an offer for sale (OFS) by some existing backers. The final Furlenco valuation could change depending on market conditions and investor response during roadshows.
The company is targeting the next fiscal year for its IPO launch, indicating that the public issue is still some distance from reaching the market.
As part of preparations for the proposed Furlenco IPO, the Bengaluru-based company is expected to soon finalise ICICI Securities as an advisor.
Furlenco Revenue Reaches ₹370 Crore As Profit Jumps
The company reported ₹370 crore in revenue from operations in fiscal 2026, marking a 62% year-on-year (YoY) increase. Its net profit rose nearly 19-fold to ₹59.5 crore during the year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹129.5 crore, nearly doubling from the previous year. This translated into an EBITDA margin of 35%.
Furlenco Funding From Existing And New Investors
The company last raised ₹125 crore in fresh funding in December 2025. Sheela Foam, WhiteOak and stock market investor Madhusudan Kela participated in that round. Sheela Foam, the owner of Kurlon and Sleepwell mattresses, had first invested in Furlenco in 2023, committing ₹300 crore for a 35% stake in the company.
Furlenco was founded in 2012 and has also raised capital previously from venture capital firm Lightbox and Zinnia Global Fund.
Rentomojo IPO Sets A Benchmark For Furniture Rental
Furlenco’s IPO preparations come after rival furniture-rental company Rentomojo went public. Its IPO was subscribed 73 times and was followed by a strong listing on 17 September 2026.
Rentomojo reported ₹387 crore in revenue in fiscal 2026, up 45% YoY. Its net profit increased 58% to ₹67 crore. The company entered the public market at a valuation of ₹4,246 crore. Its market capitalisation stood at ₹5,633.65 crore as of Monday.
Also Read - Stock Market Update 22 September 2026: Sensex Gains Over 100 Pts; Nifty 50 Above 23,450
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Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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