About GrabonRent
GrabonRent is a company based in Bengaluru (India) founded in 2015. It operates as a B2C. GrabonRent has raised $5.8 million across 4 funding rounds from investors including IvyCap Ventures, Unicorn India Ventures and Pivotal Tracker. The company has 44 employees as of March 31, 2020. GrabonRent operates in a competitive market with competitors including Rentickle, Rentongo, SabRentKaro, Rentomo and WhatsOnRent, among others.
- Headquarter Bengaluru, India
- Employees 44 as on 31 Mar, 2020
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Grabonrent Internet Private Limited
- Date of Incorporation 12 Sep, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$1.38 M (USD)-15.52as on Mar 31, 2020
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Net Profit
-$1.05 M (USD)-4.93as on Mar 31, 2020
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EBITDA
-$311.4 K (USD)77.16as on Mar 31, 2020
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Total Equity Funding
$5.8 M (USD)
in 4 rounds
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Latest Funding Round
$331.76 K (USD), Series A
May 06, 2019
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Investors
IvyCap Ventures
& 10 more
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Employee Count
44
as on Mar 31, 2020
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Funding Insights of GrabonRent
GrabonRent has successfully raised a total of $5.8M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $331.76 thousand completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $331,764
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First Round
First Round
(06 Jun 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series A - GrabonRent | Valuation | IvyCap Ventures Advisors | |
| Dec, 2017 | Amount | Series A - GrabonRent | Valuation | IvyCap Ventures Advisors | |
| Mar, 2017 | Amount | Series A - GrabonRent | Valuation | IvyCap Ventures Advisors |
Investors in GrabonRent
GrabonRent has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IvyCap Ventures, Unicorn India Ventures and Pivotal Tracker.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in startups from leading Indian institutions across various sectors.
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Founded Year | Domain | Location | |
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by GrabonRent
Financial Statements - GrabonRent
Grabonrent Comparisons
Competitors of GrabonRent
GrabonRent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rentickle, Rentongo, SabRentKaro, Rentomo and WhatsOnRent, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Furniture and home appliances are rented via an online portal.
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| domain | founded_year | HQ Location |
Rentongo is a digital marketplace for renting various goods.
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| domain | founded_year | HQ Location |
Online horizontal marketplace for rentals
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| domain | founded_year | HQ Location |
Serves as a platform for renting products within users' trusted networks.
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| domain | founded_year | HQ Location |
Functions as an online platform for renting a variety of products conveniently.
|
Frequently Asked Questions about GrabonRent
GrabonRent was founded in 2015 and raised its 1st funding round 1 year after it was founded.
GrabonRent is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
GrabonRent is a funded company, having raised a total of $5.8M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2.82M, raised on Jun 06, 2016.
As of Mar 31, 2020, the latest employee count at GrabonRent is 44.
Annual revenue of GrabonRent is $1.38M as on Mar 31, 2020.
GrabonRent, established in 2015, excels in operating online marketplaces, providing rental services, marketplaces, and product rentals. Functions as an online marketplace for renting multi-category products. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
GrabonRent has 11 investors. Key investors include IvyCap Ventures, Unicorn India Ventures, Pivotal Tracker, Pivotal Enterprises, and Durgahomes.
The valuation of GrabonRent is $6.1M as of May 2019.