Furniture rental startup CasaOne raises $16 million in series B funding round from Accel, WeWork, HNI Corporation, others

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CasaOne, a furniture rental startup, has secured $16 million in its Series-B funding round from Accel, Quiet Capital, HNI Corporation and WeWork, and other investors, reported Inc42.

The San Francisco and Bengaluru-based startup will be using the infused capital to expand its business in newer geographies, hiring technology talent in India, and expand into related product categories.

“At CasaOne and BureauOne, we are building technology for real-time inventory, supply chain, and large format logistics for the old school furniture and logistics industries,” said Shashank PS, co-founder at CasaOne.

CasaOne was founded by Madhusudan Kagwad and Shashank PS in 2017. The platform CasaOne, as per its LinkedIn page, has deployed its core technology, design, product, and engineering team of around 70 employees in Bengaluru.

The furniture rental company operates under two brand names CasaOne and BureauOne.

For both its brands, the company CasaOne claims to offers flexible monthly plans and easy upgrades along with rent-to-own options.

While CasaOne focuses on home furniture rentals, BureauOne, launched earlier this year, brings flexibility, speed and convenience to office landlords and tenants in commercial real estate.

CasaOne also claims to focus on bringing efficiency in the furniture market by using technology, logistics, and credit facilities to cater to a very fragmented and offline business.

Subrata Mitra, partner at Accel, said that with the fastest turnaround in the market, BureauOne is building a customer-focused business.

Some of the significant startups in the similar domain include FurlencoUrban LadderPepperfryRentickle, and many more.

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