<p>Indian mattress maker Sheela Foam is in advanced talks to buy furniture rental startup Furlenco, newspaper Mint reported late on Wednesday, citing three people with knowledge of the matter.</p>.<p>The enterprise value of Furlenco is being pegged at Rs. 500 crore, the report said, citing a source, who added the company had been seeking financial investors for some time.</p>.<p>Discussions are at an advanced stage, and an announcement is likely to come soon "if all conditions are met," the report added, citing a second source.</p>.<p>Sheela Foam is seeking inorganic growth opportunities in both its core and non-core categories, the third person said according to the report.</p>.<p>The company and Furlenco did not immediately respond to Reuters' requests for comments.In December, Sheela Foam was reported to be in talks to acquire rival Kurlon for Rs. 20 billion.</p>
<p>Indian mattress maker Sheela Foam is in advanced talks to buy furniture rental startup Furlenco, newspaper Mint reported late on Wednesday, citing three people with knowledge of the matter.</p>.<p>The enterprise value of Furlenco is being pegged at Rs. 500 crore, the report said, citing a source, who added the company had been seeking financial investors for some time.</p>.<p>Discussions are at an advanced stage, and an announcement is likely to come soon "if all conditions are met," the report added, citing a second source.</p>.<p>Sheela Foam is seeking inorganic growth opportunities in both its core and non-core categories, the third person said according to the report.</p>.<p>The company and Furlenco did not immediately respond to Reuters' requests for comments.In December, Sheela Foam was reported to be in talks to acquire rival Kurlon for Rs. 20 billion.</p>