India, Sept. 22 -- Days after rival RentoMojo's strong stock market debut, furniture and appliance rental startup Furlenco is reportedly gearing up for a potential Rs.1,000-1,200 Cr IPO.

The Bengaluru-based startup is seeking a valuation of around Rs.7,000 Cr (about $xx Mn) through the proposed issue, the Economic Times reported, citing sources. However, the final valuation is expected to be decided closer to the IPO, depending on market conditions and investor feedback during roadshows.

Furlenco is looking to launch the IPO in FY28 and is expected to soon appoint ICICI Securities as an advisor for the public issue, the report added.

Questions sent to Furlenco remained unanswered at the time of publication. The story will be updated up...