Furlenco raises $10 Mn in debt
Subscription-based furniture rental company Furlenco has raised Rs 75.3 crore or around $10 million in debt. Furlenco has passed the resolution in their extraordinary general meeting to allot 75,03,370 compulsory convertible debentures for a period of one year at value of Rs 100 each to raise Rs 75.30 crore, regulatory filings show. These debentures will be converted into Series D2 CCPS at the end of one year or the occurrence of the next funding round whichever is earlier. Continue reading Furlenco raises $10 Mn in debt at Entrackr.
Subscription-based furniture rental company Furlenco has raised Rs 75.3 crore or around $10 million in debt.
Furlenco has passed the resolution in their extraordinary general meeting to allot 75,03,370 compulsory convertible debentures for a period of one year at value of Rs 100 each to raise Rs 75.30 crore, regulatory filings show. These debentures will be converted into Series D2 CCPS at the end of one year or the occurrence of the next funding round whichever is earlier.
