Furlenco had raised roughly $230 million (roughly 1,880 crore) including $140 million in debt in 2021 (https://entrackr.com/2021/07/furlenco-raises-140-mn-in-series-d-led-by-zinnia-global-fund/)
In 2023, it is selling 35% for $37 million, valuing it at roughly $100 million (https://entrackr.com/2023/07/sleepwell-parent-acquires-kurlon-scoops-up-35-stake-in-furlenco/)
Low interest rates, ambitious growth projections ruined the startup funding ecosystem
ss_croaker / Saurabh
npub1g8…56564
2023-07-17 15:30:53
Author Public Key
npub1g87xmf27gdw7tj3h375plysl4068fd5lcvlyl8dljpskzxg6n5ts956564Published at
2023-07-17 15:30:53Event JSON
{
"id": "5731055ee1b03d27ec87f01df3d73d8bebb29d988b10838a0c08d3f69788c712",
"pubkey": "41fc6da55e435de5ca378fa81f921fabf474b69fc33e4f9dbf906161191a9d17",
"created_at": 1689607853,
"kind": 1,
"tags": [],
"content": "Furlenco had raised roughly $230 million (roughly 1,880 crore) including $140 million in debt in 2021 (https://entrackr.com/2021/07/furlenco-raises-140-mn-in-series-d-led-by-zinnia-global-fund/)\n\nIn 2023, it is selling 35% for $37 million, valuing it at roughly $100 million (https://entrackr.com/2023/07/sleepwell-parent-acquires-kurlon-scoops-up-35-stake-in-furlenco/)\n\nLow interest rates, ambitious growth projections ruined the startup funding ecosystem",
"sig": "18c4c7d6372052d6852032cdd9bf843bb2cfdf8ae2da51ebe6f49bdf452f1f9a31f9f5eabbf7492ef5230fd9adab1d7e2c5f4e4e124e1a045c7c7588d2597812"
}