Cityfurnish raised $2.5 million in its follow-on Series A led by Northern Arc Capital

November 17, 2022

, By Sarika Parmar

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Furniture and appliances rental startup Cityfurnish raised $2.5 million in its follow-on Series A which was a mix of debt and equity round where debt round was led by Northern Arc Capital with Western Capital and UC Capital and existing backers participated in its equity round.

Cityfurnish is a full-stack platform that provides rental services for furniture and appliances, including designing furniture to fit the space of the home and providing last-mile delivery and furniture assembly. The startup intends to use the additional funds for business growth, brand marketing, and technology development. By 2025, it will also use the funds to expand throughout India. According to Cityfurnish, it offers free delivery services within 72 hours. According to the website, it is currently providing services in seven Indian cities: Delhi, Pune, Bengaluru, Mumbai, Gurgaon, Noida, and Hyderabad.

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Cityfurnish raised $2.5 million in its follow-on Series A led by Northern Arc Capital

November 17, 2022

, By Sarika Parmar

Furniture and appliances rental startup Cityfurnish raised $2.5 million in its follow-on Series A which was a mix of debt and equity round where debt round was led by Northern Arc Capital with Western Capital and UC Capital and existing backers participated in its equity round.

Cityfurnish is a full-stack platform that provides rental services for furniture and appliances, including designing furniture to fit the space of the home and providing last-mile delivery and furniture assembly. The startup intends to use the additional funds for business growth, brand marketing, and technology development. By 2025, it will also use the funds to expand throughout India. According to Cityfurnish, it offers free delivery services within 72 hours. According to the website, it is currently providing services in seven Indian cities: Delhi, Pune, Bengaluru, Mumbai, Gurgaon, Noida, and Hyderabad.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

TRAI is set to roll out its mobile phone caller identification system

Next News

Chargeup raised $7 million in its Pre-Series A1 led by Capital A and Anicut Capital

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