Ajith Karimpana

Founder & CEO, Furlenco

Ajith Mohan Karimpana is the Founder and CEO of Furlenco, India’s first and largest furniture subscription company. He is a versatile entrepreneur with a great knack for spotting transformational business opportunities, a trait that also led him to establish Furlenco and now UNLMTD by Furlenco, world’s first furniture subscription service.

Ajith’s vision for Furlenco was based on two key 21st-century trends: rising disposable incomes; and a preference for experiential lifestyle among millennials. He decided to cater to this dynamic market using his core competencies and technology with Furlenco. Ajith has focused on creating award-winning designs that give Furlenco’s customers the best of aesthetics and utility. Under his leadership, Furlenco has grown at a CAGR of 130% year-on-year and has raised over $220M till date.

Ajith is ambitious to take this successful model to international countries including UK (Europe), US, Singapore and Hong Kong in the next couple of years. Furlenco currently operates in more than 13 tier 1 & tier 2 cities of India, with a healthy pipeline to cover more than 25 cities across the nation by the year end.

Ajith is a BTech graduate in Industrial Engineering from the National Institute of Technology, Jalandhar. He has an MS in Computer and Information Science from Temple University, Philadelphia, Pennsylvania, USA. Apart from being a successful and inspirational business leader, Ajith is a voracious reader and has a penchant for languages. He also loves watching Bollywood movies.