Flent Raises Rs 21 Cr to Redefine Premium Rental Housing in India

For millions of urban professionals in India, renting a home remains defined by high brokerage fees, large security deposits, poor maintenance, and fragmented processes.

Bengaluru-based proptech startup Flent is addressing these long-standing inefficiencies with a full-stack premium rental housing platform, and strong investor backing is reinforcing its momentum.

Flent has raised Rs. 21 Crore in a Pre-Series A funding round, comprising Rs. 17 Crore in equity and Rs. 4 Crore in debt.

The round was led by Incubate Fund Asia, with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and prominent angel investors including Blackbuck Co-founder and CEO Rajesh Yabaji.

Notably, over 40 Flent landlords and tenants collectively invested Rs. 1 Crore, signalling deep confidence in the platform.

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Key Highlights

• Flent raises Rs 21 Cr to scale its zero-brokerage premium rental housing platform
• Targets Rs. 40,000 Cr premium rental market driven by urban professionals and NRIs
• Expands beyond Bengaluru with AI-led rental solutions and rent-guaranteed homes

Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent offers fully furnished, design-led rental homes with zero brokerage, minimal deposits, and flexible leasing. For homeowners, the platform delivers rent guarantees and completely hands-free property management, covering interiors, tenant vetting, maintenance, and rent collection.

“We are irreversibly changing how affluent India experiences renting,” said Shail Daswani, Co-Founder and CEO, Flent, highlighting the company’s ambition to disrupt every touchpoint in the renting lifecycle.

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Flent is tapping into a rapidly expanding opportunity. Nearly 20 lakh white-collar professionals across India’s top five cities actively seek quality rental housing, with the premium rental housing market projected to reach Rs. 40,000 Crore over the next five years. On the supply side, Flent focuses on premium homes valued above Rs. 1.5 Crore, many owned by investors and NRIs, are facing challenges in remote property management.

“Flent’s technology-driven, customer-centric model delivers strong value for both tenants and owners,” said Rajeev Ranka of Incubate Fund Asia.

Currently managing 350 rooms across 140 premium homes in Bengaluru, Flent maintains a 90–95 percent occupancy rate, with over 300 customers averaging 14-month stays. The fresh capital will fuel expansion into Mumbai and Gurgaon, team growth, and new offerings including AI-powered rental discovery, flatmate matching, and vacancy cover for landlords.