Bengaluru proptech, Flent pre Series A round attracts INR 21 crore; eyes Mumbai, Gurugram rollout and new tenant–landlord services
Bengaluru-based proptech startup Flent has raised USD 2.5 million (~INR 21 crore) in a pre-Series A round to expand its full‑stack rental platform beyond its home market and launch new services across the leasing lifecycle. The round comprises INR 17 crore in equity and INR 4 crore in debt, according to a report.
Flent Pre Series A Round Details
The financing was led by Incubate Fund Asia with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC and a clutch of angels, including BlackBuck co‑founder Rajesh Yabaji. Notably, more than 40 landlords and tenants on Flent’s platform pooled in about INR 1 crore as part of the round, signalling user buy‑in to the model.
Use of Funds
Flent said it will deploy the capital to enter Mumbai and Gurugram, hire across functions and layer on offerings such as flatmate discovery, vacancy protection for landlords, and AI‑led tools for location and budget discovery. The firm, founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri and Shail Daswani, positions itself as a full‑stack operator handling design, onboarding, tenant screening, maintenance and rent assurance while doing away with brokerage and large deposits.
Operating Metrics & Growth
As of now, Flent manages about 350 rooms across 140 premium homes in Bengaluru, with reported occupancy of 90–95% and an average tenant stay of around 14 months. The company targets high‑value residential inventory, including homes owned by investors and NRIs, where professional property management remains fragmented.
The new raise follows an INR 6.5 crore pre‑seed round in September 2024 led by WEH Ventures, with 2 AM Ventures, Pareto Holdings and several angels also participating, as per earlier disclosures.
Market Context & Competitive Landscape
Flent operates against a crowded backdrop of rental and property‑management platforms and co‑living operators. Even as primary housing sales moderated in 2025, analysts point to steady demand for flexible, managed rentals among migrants and young professionals. “India’s co‑living sector is entering a new phase of growth, underpinned by strong demographic fundamentals and a growing preference for flexible, community‑centric living,” said Badal Yagnik, CEO, Colliers India, in a recent industry note.
In a 2024 interaction outlining the company’s thesis, co‑founder Shail Daswani said Flent aims to “make renting as simple as booking an Uber,” underscoring the startup’s focus on speed and convenience across the rental journey.
Flent Pre Series A Round Highlights
- Funding: INR 21 crore pre‑Series A (~USD 2.5 mn); INR 17 crore equity + INR 4 crore debt.
- Lead/Participants: Incubate Fund Asia; WEH Ventures; Twin & Bull Family Office; Stride Ventures; 91Ventures; Untitled VC; angels incl. Rajesh Yabaji.
- Community investment: 40+ landlords/tenants collectively invested ~INR 1 crore.
- Use of proceeds: Expansion to Mumbai and Gurugram; product additions across rental lifecycle.
- Current scale: ~350 rooms across 140 homes; 90–95% occupancy; ~14‑month average stay.
- Prior round: INR 6.5 crore pre‑seed in Sep 2024 led by WEH Ventures.
Conclusion
With fresh capital and a user‑backed cap table, Flent is stepping beyond Bengaluru to test its full‑stack rental model in larger, higher‑cost markets. Investor appetite and early utilisation metrics suggest room for organised rental solutions, but profitability at scale and consistent service quality across cities will be the near‑term tests.
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