Home Startups Startups News India’s CityFurnish raises US$5M Series A

India’s CityFurnish raises US$5M Series A

Posted on:

Reading Time:    1 min read

- Advertisement -

Cityfurnish, an India-based online rental marketplace for furniture and consumer appliances, has bagged US$5 million in a Series A round from investors including Gmail creator, Paul Buchheit, Youtube co-founder, Steve Chen, and other venture capital firms.

Operated by Magneto Home Pvt. Ltd, Cityfurnish aims to use the investment to strengthen its brand position, technology, and expansion into new cities.

Founded in 2015, CityFurnish offers furniture, furnishings, appliances and fitness equipment on rent, operating in cities including Delhi NCR, Bengaluru, Mumbai, and Pune, with plans to offer services in 14 other Indian cities by 2020.

Prior to this, the company had raised an undisclosed amount in seed funding from Citrus Pay in 2015, as well as angel funding from Times Group’s investment arm, Brand Capital, and Manoj Gupta, director, Credit Suisse.

Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

Related Reads

Featured Read

BenQ EX3203R: 1440p 144Hz FreeSync 2 HDR curved gaming monitor

The BenQ EX3203R is the latest 31.5″ curved gaming monitor by BenQ that combines everything we want in a gaming monitor...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

 Latest Stories

5 big social media trends in 2019 [Infographic]

Just by being active on social media, or consistently engaged in social media marketing is not enough. You need to stay...

India’s CityFurnish raises US$5M Series A

Cityfurnish, an India-based online rental marketplace for furniture and consumer appliances, has bagged US$5 million in a Series A round from...

Mozilla Firefox now stops websites from tracking users, including Google Analytics

After more than a year ramping up its privacy protections, Firefox will now stop thousands of web trackers by default, preventing...

Singapore’s healthtech startup, Plano, bags undisclosed sum from billionaire, Peter Lim

Singapore-based healthtech startup, Plano, has raised an undisclosed amount in a series A funding round from several investors, including a seven-figure...

Bytedance invests more than US$182M in Chinese sports platform, Hupu

Leading Chinese sports commentary and news platform, Hupu, has raised US$182 million from Bytedance, the Chinese operator of several machine learning-enabled...

Send this to a friend