Bengaluru-based proptech startup Flent has raised Rs 21 crore (around $2.5 million) in a Pre-Series A funding round to accelerate expansion and strengthen its managed rental housing platform.
Funding details and investors
The round includes Rs 17 crore in equity and Rs 4 crore in debt, and was led by Incubate Fund Asia. Other participants include WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, along with angel investors such as Rajesh Yabaji.
In addition to institutional capital, more than 40 landlords and tenants using the platform collectively invested Rs 1 crore, reflecting early stakeholder confidence in Flent’s operating model.
Expansion plans and product roadmap
Flent plans to deploy the fresh capital to expand beyond Bengaluru, with Mumbai and Gurugram identified as the next target markets. The startup is also preparing to introduce new services across the rental lifecycle, including flatmate discovery, vacancy protection products for landlords, and AI-led tools to help users identify suitable locations and budgets.
Business model and operations
Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent operates a full-stack rental platform offering fully furnished, move-in-ready homes on flexible lease terms. The company manages the end-to-end rental lifecycle, covering home design, tenant onboarding and screening, maintenance, and rent assurance, while removing brokerage fees and reducing large upfront security deposits.
Current scale and supply focus
Flent currently manages around 350 rooms across 140 premium homes in Bengaluru, with reported occupancy levels of 90–95%. The average customer stay is about 14 months, according to the company. On the supply side, Flent is targeting high-value residential properties, particularly those owned by investors and non-resident Indians, a segment where professional property management remains fragmented.
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