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Startup funding
RentoMojo, online rental market place raises $10 Mn from Bain Capital, others.
19th, July 2017 - Startup funding
RentoMojo, online rental market place raises $10 Mn from Bain Capital, others.
The brand is operated by Edunetwork Pvt Ltd founded in November 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain. The startup allows users to rent furniture, home furnishings and appliances, and bikes for at least three months.
The firm will use the funds to further strengthen its product, ramp up its leadership team, and to expand into new categories and geographies, the press note stated.
RentoMojo currently offers its services in Pune, Mumbai, Bangalore, Delhi, Noida, Gurgaon, Chennai and Hyderabad and claims to have more than 25,000 subscribers on the platform.
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