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[Funding alert] Rental service startup Settlrs raises $1 million led by Canbank Ventures, others

Rental service startup Settlrs
Rental service startup Settlrs

Rental service startup Settlrs has raised $1 million led by Canbank Ventures, MaGEHold PTE and JN Capital.

Rental service startup Settlrs was founded by Gaurav Ranebennur and Nishanth Janadri in 2018.

Settlrs is rental services startup for furniture, home appliances, electronic and IT infrastructure. They cater to B2B clients in the housing sector, enabling them to shift from “outright purchase model” to “pay per use” model at reasonable monthly rentals.

It is a Bengaluru based startup, currently part of the IIM-B Startup LaunchPad. Through its quick, hassle-free and cost-effective way of renting, it is enabling people to spend and save smarter, in turn, leading them to live smarter. Settlrs motto is to make luxury affordable to its customers by enabling them to pay small and live BIG.

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