Rentomojo is an India-based furniture rental marketplace. The company operates a marketplace for renting furniture. It has raised around $25 million in an ongoing Series D and Series D1 funding round. The round is led by Edelweiss, according to a company statement. The article does not disclose additional financial details, operating metrics, or future plans. No other investors or prior rounds were mentioned in the article. Rentomojo operates a subscription-based furniture and appliance leasing platform, run under Edunetwork Pvt. Ltd. The company was founded in 2014 by Geetansh Bamania and Ajay Nain (Ajay left in 2018). Its core categories include beds, televisions and washing machines, and its work-from-home range grew during the pandemic before normalizing. Rentomojo reports over 125,000 subscribers and clocked revenue of over Rs 100 crore for FY21. The firm turned profitable in October 2021 and expects revenue to grow by 25–35 percent by the end of the year. It is expanding into multiple Indian cities including Ahmedabad, Mysore, Jaipur, Faridabad, Ghaziabad, Gandhinagar, Chandigarh and Kolkata. Operated by Bengaluru-based Edunetwork, Rentomojo runs an online furniture rental platform founded in 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain. The company operates in eight cities: Bengaluru, Mumbai, Pune, Delhi, Noida, Gurugram, Hyderabad and Chennai. It reports over Rs 200 crore in assets under management. As of February 23, 2021 the startup was valued at Rs 480 crore (~$66.1M) and Accel held a 26.04% stake while IDG/Chiratae held 15.09%; co-founder and CEO Geetansh Bamania held 13.89%. Rentomojo competes with Furlenco, RentOnGo and GrabOn Rent. Across rounds the company has received about $35M in total capital, with more than $21M raised in Series C alone. Rentomojo operates an online rental marketplace for furniture and electronic appliances and also offers bikes on lease in Mumbai, Delhi NCR, Pune and Bengaluru. The company has been operating for six years and has been working to improve its inventory and add new products to its catalogue. Pre-COVID-19 the firm was clocking over one lakh orders and was aiming for a 10X surge in the next 2.5 years. In the fiscal year ending March 31, 2019, Rentomojo’s revenue from operations grew threefold to Rs 107 crore while total expenditure rose 2.3X to Rs 164.4 crore. To date the company has raised over $32 million, including a $15 million Series C round that kicked off in May of the prior year. Following the latest capital infusion the company’s valuation has crossed the $100 million mark. RentoMojo is an online marketplace that lets users rent furniture, home furnishings, appliances and bikes. The company was founded in November 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain and is run by Bengaluru-based Edunetwork. It operates in Pune, Mumbai, Bengaluru, Delhi, Noida, Gurugram, Chennai and Hyderabad. RentoMojo has partnered with Zefo to give customers rental monthly instalment options. The startup competes with firms such as Furlenco, RentOnGo and GrabOnRent. It has raised multiple funding rounds and also took a Rs 6 crore debt facility from Kris Gopalakrishnan in 2019.

Total raised

$81M

Funding rounds

10

Latest round

Series D

Latest activity

Feb 2024