Bengaluru-based proptech startup Flent has raised ₹21 crore (around $2.5 million) in a Pre-Series A round, including ₹17 crore in equity and ₹4 crore in debt.
The round was led by Incubate Fund Asia, with backing from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and several angel investors, including BlackBuck co-founder Rajesh Yabaji.
Notably, more than 40 landlords and tenants using Flent’s platform also participated, collectively investing ₹1 crore.
Flent plans to deploy the fresh capital to expand operations outside Bengaluru, with Mumbai and Gurugram next on its roadmap.
The startup is also building additional products across the rental lifecycle, such as flatmate discovery, vacancy protection for property owners, and AI-driven tools to help users identify suitable locations and budgets.
Launched in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent has built an integrated rental housing platform focused on ready-to-live-in, furnished homes with flexible leasing options.
The startup oversees the entire process, right from property setup and landlord onboarding to tenant vetting, upkeep, and rental protection while removing brokers and high upfront deposits from the equation.
At present, Flent manages around 350 rooms across 140 premium homes in Bengaluru and reports occupancy levels of 90–95%, with an average tenant stay of about 14 months. On the supply side, the startup is focusing on high-value residential properties, especially those owned by investors and NRIs, where professional property management remains largely unorganised.
