About RentMacha
RentMacha is a company based in Mumbai (India) founded in 2016 by Praveen Soundararajan.. RentMacha has raised $114.96 thousand across 1 funding round from investors including Tufail Ahmad Khan, Jeenendra Bhandari and Jignesh Mehta. RentMacha offers products and services including Fridge on Rent, Sofa on Rent, Washing Machine on Rent, Bed on Rent, and Microwave on Rent. RentMacha operates in a competitive market with competitors including Cityfurnish, GuaRented, Voorent, FreQuip and Rentity, among others.
- Headquarter Mumbai, India
- Founders Praveen Soundararajan
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Crowsalchemy Home Solutions Private Limited
- Date of Incorporation 28 Nov, 2016
- Jurisdiction Valiv, Maharashtra, India
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Annual Revenue
$59.8 K (USD)-8.94as on Mar 31, 2023
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Net Profit
$-46.86 K (USD)-8.97as on Mar 31, 2023
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EBITDA
$-25.02 K (USD)-60.43as on Mar 31, 2023
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Total Equity Funding
$114.96 K (USD)
in 1 rounds
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Latest Funding Round
$114.96 K (USD), Angel Round
Mar 23, 2018
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Investors
& 4 more
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Employee Count
Employee Count
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Products & Services of RentMacha
RentMacha offers a comprehensive portfolio of products and services, including Fridge on Rent, Sofa on Rent, Washing Machine on Rent, Bed on Rent, and Microwave on Rent. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rental service for refrigerators in households.
Provides sofas for home rental needs.
Offers washing machines for convenient use.
Rental option for beds in bedroom setups.
Provides microwaves for kitchen appliance needs.
Funding Insights of RentMacha
RentMacha has successfully raised a total of $114.96K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $114.96 thousand completed in March 2018. 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 1
- Last Round Angel Round — $114,959
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First Round
First Round
(23 Mar 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Angel Round - RentMacha | Valuation | Tufail Ahmad Khan , Jeenendra Bhandari |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RentMacha
RentMacha has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Tufail Ahmad Khan, Jeenendra Bhandari and Jignesh Mehta. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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TA
Tufail Ahmad Khan |
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Founded Year | Domain | Location |
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JB
Jeenendra Bhandari |
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Founded Year | Domain | Location |
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JM
Jignesh Mehta |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RentMacha
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RentMacha
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rentmacha Comparisons
Competitors of RentMacha
RentMacha 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 Cityfurnish, GuaRented, Voorent, FreQuip and Rentity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category home improvement products are rented via an online platform.
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| domain | founded_year | HQ Location |
Online service provider for rental products
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| domain | founded_year | HQ Location |
Multi-category home improvement products are rented via an online platform.
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| domain | founded_year | HQ Location |
Home furnishings are rented online for minimum six-month terms.
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| domain | founded_year | HQ Location |
Luxury home improvement and electronics products are rented online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about RentMacha
When was RentMacha founded?
RentMacha was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is RentMacha located?
RentMacha is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is RentMacha a funded company?
RentMacha is a funded company, having raised a total of $114.96K across 1 funding round to date. The company's 1st funding round was a Angel Round of $114.96K, raised on Mar 23, 2018.
What is the annual revenue of RentMacha?
Annual revenue of RentMacha is $59.8K as on Mar 31, 2023.
What does RentMacha do?
RentMacha was founded in 2016 in Mumbai, India, as an online platform focused on the rental of furniture and appliances. Products such as air conditioners, televisions, beds, mattresses, dining tables, study tables, and similar items are provided for rent. The service operates within the consumer goods sector, enabling access to these essentials through a digital interface in the Mumbai area.
Who are the top competitors of RentMacha?
RentMacha's top competitors include Cityfurnish, GuaRented and Voorent.
What products or services does RentMacha offer?
RentMacha offers Fridge on Rent, Sofa on Rent, Washing Machine on Rent, Bed on Rent, and Microwave on Rent.
Who are RentMacha's investors?
RentMacha has 5 investors. Key investors include Tufail Ahmad Khan, Jeenendra Bhandari, Jignesh Mehta, Jeenendra Bhandari, and Jignesh Mehta.
What is RentMacha's valuation?
The valuation of RentMacha is $676.72K as of Mar 2018.