Rentomojo raises Rs. 145Cr in capital
Rentomojo has raised Rs. 145 crore in a round of funding from a range of investors including Accel and Bain Capital. The round was a mix of equity and debt.
Rentomojo founder Geetansh Bamania said, “During the second lockdown, when people started going back to their hometowns, that impacted us slightly. But now those people who went back are coming back and ordering. So there are huge number of orders.”
Founded in 2014 by Geetansh and Ajay Nain, Rentamajo is, at its core, a business that offers its customers the option to rent furniture. The company currently boasts over 125,000 subscribers. The firm has also begun expanding to cities like Ahmedabad, Mysore, Jaipur, Faridabad, Ghaziabad, Gandhinagar Chandigarh, and Kolkata.
“We are now expecting our revenue to grow by 25-35 percent by the end of this year,” added Geetansh.
Follow Startup Story
Related Posts
