Furlenco's Shocking Comeback: Startup Turns Profitable After Years of Losses, Eyes IPO!

Overview

Furniture rental startup Furlenco has achieved profitability for the first time in FY25, reporting INR 3.1 Cr net profit against a INR 130.2 Cr loss in FY24. Revenue surged 64% to INR 228.7 Cr. This turnaround follows significant debt, restructurings, and a strategic investment from Sheela Foam, paving the way for a potential IPO after FY27.