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Rentomojo Bags Rs 210 Cr Investment to Fuel Growth in India's Furniture Rental Market

Rentomojo Bags Rs 210 Cr Investment to Fuel Growth in India's Furniture Rental Market

02/21/24, 11:14 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbangalore
Money raised
₹210 million
Industry
internet publishing
Round Type
seed
Investors
Magnetic, Chiratae Growth Fund, Edelweiss Discovery Fund Series – I
Rentomojo has successfully secured a significant investment of Rs 210 crore in an ongoing Series D and D1 round, led by Edelweiss Discovery Fund Series – I, with participation from existing investor Chiratae Growth Fund, alongside Magnetic, founded by Rajeev Chitrabhanu. This investment signifies a strong vote of confidence in Rentomojo's business model and growth trajectory, and it comes at a time when Rentomojo has maintained profitability for the last 10 quarters.

Company Info

Company
Rentomojo
Location
bangalore, karnataka, india
Additional Info
RentoMojo was founded by IIT-M alums and serial entrepreneurs who worked out of almost every major city in India in the last five years. Frustrated with the hassles of relocating from one place to the other, and tired of finding that perfect cluster of home essentials that suited their lifestyle. RentoMojo offers asset leasing, helping you set up your home at easy and affordable rentals (RMI). We have amazingly affordable options for you to bring your relocation alive. Our hassle free approach to renting is characterized by our packages which are just a click away and delivered free of cost. We're here to change the way shopping is done because we believe in "Smart Ownership"​.

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