# Rentomojo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rentomojo

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.rentomojo.com
- Total disclosed funding: $51M
- Latest round: Series D (Mar 30, 2024)
- Investors on record: 11

## About

Based in  Karnataka, India, and founded in 2014 by co-founders Geetansh Bamania and Ajay Nain, Edunetwork Private Limited doing business as Rentomojo, operates as a provider of a web-based rental platform that allows customers to find and rent products such as packages, furniture, home appliances, electronics, bikes, and men's apparel. In February 2024, Rentomojo raised INR 2.1 billion in Series D funding led by Edelweiss Multi Strategy Funds, with participation from Magnetic, ValueQuest, and Chiratae Ventures also participated in the round. 

Rentomojo developed a web and mobile application platform for Android and iOS smartphones users. The company offers a variety of products to users on rental basis including packages, furniture, home appliances, electronics, bikes, and men's apparel. In addition, the firm offers a wide range of services including maintenance, delivery, relocation, refundable security amount, use now and pay later, cleaning, and transferring of subscription.  

The company generates revenue by providing products on rental basis. 

The company plans to use the funding from February 2024 to further build on the appliances and furniture rental category.

## Funding rounds

- Series D, Mar 30, 2024, $3.2M — ValueQuest
- Series D, Feb 21, 2024, $9.2M — Chiratae Ventures, Edelweiss Multi Strategy Funds
- Series C, May 17, 2023, $0.2M — Lighthouse Canton
- Series C, Nov 26, 2021, $1.4M — Accel, Bain Capital
- Series C, Mar 15, 2021, $1.6M — Accel, Mitsui Sumitomo Insurance Venture Capital, Chiratae Ventures, GMO VenturePartners, Shri Investments
- Series C, Jun 18, 2020, $0.4M — GMO VenturePartners, Hack Ventures
- Series C, May 19, 2020, $3.2M — Accel, Bain Capital, Chiratae Ventures
- Series C, Aug 20, 2019, $3.9M — Mitsui Sumitomo Insurance Venture Capital, Samsung Venture Investment
- Series C, May 14, 2019, $11M — Accel, Bain Capital, Chiratae Ventures, GMO VenturePartners
- Series B, Aug 24, 2017, $10M — Accel, Bain Capital, Chiratae Ventures
- Series A, Jun 6, 2016, $5M — Accel, Chiratae Ventures
- Seed, Sep 10, 2015, $1.9M — Accel, Chiratae Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B, Series C
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Seed, Series A, Series B, Series C, Series D
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series B, Series C
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series C
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series C
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series C
- Hack Ventures (https://capitalatlas.ai/funds/hack-ventures) — Series C
- Shri Investments — Series C
- Lighthouse Canton (https://capitalatlas.ai/funds/lighthouse-canton) — Series C
- Edelweiss Multi Strategy Funds (https://capitalatlas.ai/funds/edelweiss-multi-strategy-funds) — Series D
- ValueQuest (https://capitalatlas.ai/funds/valuequest) — Series D