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Melorra has secured $24 million in a new round of funding led by Symphony International Holdings Limited, Value Quest, 9Unicorns, Venture Catalysts, Param Capital, and family offices.
Melorra said that the funds will be utilised for technology upgrade, ramping up brand marketing, and expansion of Melorra’s experience centres pan-India.
Melorra is also raising funds from Puneet Bhatia, managing director of TPG Growth Capital, Mukul Agarwal of Param Capital, and Singapore-based Symphony Asia,
The new round also saw participation from its existing investors WaterBridge Ventures, Raine Venture Partners, Neeraj Chopra (former WhatsApp chief business officer) and former SVP of Google Amit Singhal.
Furniture rental company Furlenco gets $140 million © Provided by The Times of India BENGALURU: Online furniture rental company Furlenco has raised $140 million (Rs 1,000 crore) in Series D funding, its largest till date, led by Mauritius-based Zinnia Global Fund. Other existing investors like CE Ventures and Lightbox Ventures also participated. The funding is split between debt, Rs 850 crore, and equity, Rs 150 crore, and will be used to expand into tier I and II cities like Jaipur, Ahmedabad and Mysuru. The company, which counts RentoMojo among its competitors, is present in 10 other citi...