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Funding

Furniture rental platform Cityfurnish raises seed funding from Citrus Pay’s cofounder Jitendra Gupta

BW ACCELERATE batch 2 startup Cityfurnish – a Gurgaon based on-demand rental platform for renting premium furniture, furnishing and appliances raised undisclosed amount of seed fund from Citrus Pay’s cofounder Jitendra Gupta.

furniture rentalThe company will utilize this funding for strengthening the team, improve product management and order fulfilment. “We are delighted to get Industry veteran Jitendra as a director on board, his (Jitendra’s) insights and experience are valuable to us as new generation entrepreneurs and it will be a great help to us in making our mark in the segment and changing perception of users towards renting or shared economy” quoted Neerav, the founder of Cityfurnish.

The startup was conceptualized by Neerav in Aug, 2015 and company got launched in late Sep. Currently company is operating from Gurgaon and covering only Delhi and NCR region. Since launch, company has generated remarkable traction and attracted considerable amount of orders. As per Neerav, we have already furnished 175 properties and in Jan, 16 we are about to furnish 200 more properties. Cityfurnish has aggressive expansion plans and about to launch in Bangalore market as well in first week of Jan, and Pune, Mumbai, Hyderabad will follow soon, adds Neerav.

Ashu Agrawal, Founder & Director of BW ACCELERATE, adds, “Neerav is a brilliant founder, with very deep understanding of the space. He further adds “our effort with the team is to increase depth across all relevant verticals in the B-2-B space, with increased focus on Hospitality business. With this we will also be focusing on alignment with Interior and architectural fraternity.”

In line with the above, Cityfurnish also launched a great offer for startups and early stage businesses , offering 3 months free furniture on subscription of 12 months plan. “As early stage start-ups face challenges of capital and available funds can be used on more important things, this offer will be useful for many start-ups establishing their new offices.”, says Neerav.

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