rentomojo | Pixr8 News

7Feb By AdityaNo Comments

FUNDING

After Aamir Khan, Furniture Renting Platform Furlenco Raises Funding from HNI Investors

Online furniture rental startup Furlenco has raised a funding of $1.5 million in a debt funding round from a clutch of HNI Investors. The Rs 10 crore funding round saw participation from Rekha Hrishikesh Mafatlal, wife of Mr Hrishikesh Mafatlal, VC and CEO of Arvind Mafatlal Group of Companies, Lakshmi Narayanan, ex-VC of Cognizant and M Krishna Sindhuri Private Trust. The funding that the furniture rental startup raised is via non-convertible debentures. Furlenco is based in Bengaluru and was founded back in 2011 by Mr Ajith Khurana, and has been successful in raising over $30 million in total from investors like- Axis Capital, Lightbox Ventures, Kris Gopalakrishnan's Pratithi Trust, Trifecta Capital, to name a few. The funding comes after Bollywood superstar Aamir Khan infuse...

Rental Startup RentoMojo Raises $10 Mn From Bain Capital, Others

Bengaluru-based, furniture and other durables rental platform, RentoMojo has raised $10 million in a Series B funding from private equity investor Bain Capital Ventures and fintech entrepreneur Renaud Laplanche on Tuesday. (more…)

Online Rental Solution RentoMojo Has Raised $5 Million From IDG Ventures and Accel Partners

RentoMojo, an online rental solution startup has raised funds of $5 million in a first strategic round (Series A) from IDG Ventures and Accel Partners. Since its inception in November 2014, the Bengaluru headquartered company has expanded to three more cities - Delhi, Mumbai and Pune. The funds raised will be used to further strengthen the product and data driven structure within the company, it said in a statement here on Monday. "We want our users to indulge in the benefits of curated, personalised lifestyle without actually owning it. Apart from the cities we are operating in currently, we plan to expand to two more cities in the coming quarter," said Bamania, founder of RentoMojo. Geetansh Bamania is a serial entrepreneur and has worked with e-commerce majors such as Flipkart a...