wordpress blog stats
Connect with us

Hi, what are you looking for?

Rentomojo raises $2 million from IDG Ventures & Accel Partners


Online home appliances and rental service provider Rentomojo has raised $2 million in Pre-Series A funding from IDG Ventures and Accel Partners. As part of the deal, Venkatesh Peddi from IDG Ventures and Prashanth Prakash from Accel Partners will join the board of directors at the startup. The funds will be used for hiring and customer acquisition.

Founded in November 2014 by Geetansh Bamania and Ajay Nain, Rentomojo offers rental services across categories such as appliances, furniture, packages, kitchen and home utility, as well as two-wheelers, while also providing combined packages on home items. The startup claims to have 2,000 subscribers at present with plans to get 6,000 subscribers by March 2016. The company also claims to be growing at 45% per month.

Rentomojo doesn’t own any of the stuff put up for rent, instead tying up with suppliers externally. The price range for combination packs starts from Rs 700 for a mini studio apartment and goes up to Rs 3,499 for a pack of electrical home appliances including LED HD TV, automatic washing machine, single door fridge, microwave oven solo and induction plate, per month. The furniture can be rented for a minimum of 3 months and maximum of 1 year. The startup headquartered in Bangalore currently operates in Mumbai, Pune, Delhi and Bangalore and has a team size of 50.


– In July, Nestaway, a Bangalore based online home rentals startup, raised $12 million from Tiger Global and Flipkart. The startup had also raised $1.25 million in March.

Advertisement. Scroll to continue reading.

– Online real estate portal Housing partnered with brokerage network RE/MAX India to extend its verified property listing and advertise to property consulting and last-mile services.

– In March, Bangalore-based furniture rental startup Furlenco raised $6 million in a Series A round of funding.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ