Bengaluru-based proptech startup Flent has raised Rs 21 crore, or about $2.5 million, in a pre-Series A funding round. This round includes Rs 17 crore in equity and Rs 4 crore in debt, and it provides the company with balanced capital support.
Incubate Fund Asia led the investment, and WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and several angel investors participated. Moreover, angel investor Rajesh Yabaji, the co-founder of BlackBuck, joined the round and added strategic value.
Additionally, more than 40 active landlords and tenants from the Flent platform collectively invested Rs 1 crore in the funding round. Therefore, this participation reflects strong community confidence in the business model. Furthermore, Flent users contributed Rs 1 crore as part of the institutional financing.
In addition, over 40 landlords and tenants using Flent’s platform collectively invested Rs 1 crore, and this group engagement strengthened the investment narrative.
The company will use the proceeds to expand beyond Bengaluru, and this move will open new growth opportunities. Specifically, Flent identified Mumbai and Gurugram as the next priority markets. Consequently, the startup will begin operations in these cities in the coming months.
Moreover, the startup plans to introduce new offerings across the rental journey, and these initiatives will deepen customer engagement. The company will roll out features such as flatmate discovery tools, vacancy protection services for landlords, and AI-led location and budget discovery solutions. Therefore, Flent is building a more comprehensive product ecosystem.
Flent will deploy the fresh capital to enhance its platform capabilities, and it will create new technology-driven tools. Thus, the startup aims to simplify the rental process for both tenants and property owners.
Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani founded Flent in October 2023, and they established the company with a clear mission. Since then, the founders have built a full-stack proptech platform focused on modern rentals. Consequently, the team has concentrated on providing fully furnished, move-in-ready homes with flexible leasing options.
The startup operates as a full-stack rental platform, and it manages every stage of the lifecycle. It handles property design, onboarding, tenant screening, maintenance, and rent assurance processes. Moreover, the platform removes traditional brokerage charges and large security deposit requirements. Therefore, Flent is creating a transparent and hassle-free renting experience.
Currently, Flent manages 350 rooms across 140 premium homes in Bengaluru, and it maintains high operational efficiency. Furthermore, the company reports occupancy levels between 90% and 95%, and these numbers indicate strong demand. In addition, the firm states that the average customer stay is around 14 months. Therefore, Flent is achieving long-term tenant retention.
On the supply side, the brand is targeting high-value residential properties, and it is focusing on segments that need professional management. The company is particularly engaging with properties owned by investors and NRIs, where fragmentation remains common. Consequently, Flent is addressing an underserved market with structured solutions.
Moreover, Flent is positioning itself as a reliable partner for landlords who struggle with unorganized property management services. Therefore, the proptech startup is bringing professionalism and predictability to the rental sector.
Importantly, Flent identified fragmented property management as a major pain point, and it is offering a unified solution. Thus, the company is simplifying the process for high-value homeowners.
At present, Flent operates largely in Bengaluru, but it is preparing for broader geographic growth. Therefore, the proptech startup expects stronger traction in 2026 as it enters Mumbai and Gurugram.
Flent has achieved a strong pre-Series A milestone, and it has attracted both institutional investors and platform users. Moreover, the startup is focusing on expansion, product innovation, and AI-driven rental tools, and these priorities will likely accelerate future growth. Therefore, the proptech startup is positioning itself as a next-generation proptech platform that delivers flexibility, transparency, and professional management while reshaping India’s residential rental market.
