Proptech startup Flent raises $2.5 Mn funding led by Incubate Fund Asia

Proptech startup Flent has raised Rs 21 crore (about $2.5 million) in a Pre-Series A funding round led by Incubate Fund Asia.

The funding included ₹17 crore in equity and ₹4 crore in debt.

The round also saw participation from Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and existing investor WEH Ventures.

Several angel investors also took part, including BlackBuck cofounder and CEO Rajesh Yabaji.

The startup plans to use the funds to grow its team and expand beyond Bengaluru by starting operations in cities like Mumbai and Gurugram.

Before this round, the startup raised $1.3 million from investors including WEH Ventures, 2 AM Ventures, Pareto Holdings, and others.

Read also- RoadGrid raises Rs 12 Cr in pre-Series A round led by Venture Catalysts

“In the next few months, we’ll be launching more products across the renting funnel — from flatmate matching to a vacancy cover for landlords to an AI broker that helps you figure out the right locality and budget based on your requirements,” said Flent cofounder and CEO Shail Daswani.

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Founded in 2023 by Mayank Lalwani, Rishabh Agnihotri and Shail Daswani, Flent runs a full-service rental platform that offers fully furnished, ready-to-move-in homes with flexible lease options. It handles everything, including home design, tenant onboarding, background checks, maintenance, and rent assurance, while eliminating brokerage fees and large security deposits.

The company currently manages 350 rooms across 140 premium homes in Bengaluru and reports occupancy rates of 90–95%. On average, customers stay for about 14 months.

On the supply side, Flent focuses on high-value residential properties, especially those owned by investors and NRIs, where professional property management is still largely unorganised.

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