# Cityfurnish

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cityfurnish

- Industry: Consumer Products
- Headquarters: Gurgaon, India
- Website: www.cityfurnish.com
- Total disclosed funding: $5.3M
- Latest round: Series A (May 31, 2019)
- Investors on record: 7

## About

Cityfurnish offers an innovative rental service for furniture and home appliances, catering primarily to urban customers including students and professionals seeking flexible solutions for their living spaces.Cityfurnish, founded in 2015 in Gurgaon, India, specializes in furniture and appliance rentals. The company was co-founded by Saurabh Gupta and Vinit Jain. In May 2019, Cityfurnish raised USD 5 mn in Series A funding from investors including Boomerang Ventures and Global Founders Capital, supporting its growth strategy.Cityfurnish provides a wide selection of furniture such as sofas, beds, and tables, along with home appliances for rent. The company operates a flexible rental model, accommodating periods from three to twelve months, and serves major cities in India including Mumbai, Bangalore, and Delhi.In 2023, Cityfurnish reported a revenue of USD 0 and an EBITDA of -USD 174.4 mn. Revenue is generated through a subscription-based model, where clients pay monthly fees for rented items, which vary based on the selected furniture and appliance options.Following its Series A funding in May 2019, Cityfurnish plans to enhance its product offerings and expand operations. The funding will support product development and technological advancements as the company aims to reach more metropolitan areas across India, facilitating its growth strategy in these regions.

## Funding rounds

- Series A, May 31, 2019, $5M — Newfleet Asset Management, Global Founders Capital, Soma Capital Management, FJ Labs, General Catalyst India, Boomerang Ventures
- Seed, Jun 20, 2016, $0.3M — Brand Capital

## Investors

- Brand Capital (https://capitalatlas.ai/funds/brand-capital) — Seed
- Newfleet Asset Management — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- General Catalyst India (https://capitalatlas.ai/funds/general-catalyst-india) — Series A
- Boomerang Ventures (https://capitalatlas.ai/funds/boomerang-ventures) — Series A