About RentoMojo
RentoMojo is a company based in Bengaluru (India) founded in 2014 by Geetansh Bamania.. RentoMojo has raised $58.41 million across 18 funding rounds from investors including BlackSoil, Accel and Lighthouse Canton. The company has 422 employees as of April 08, 2024. RentoMojo offers products and services including Furniture Rental, Appliances Rental, and Electronics Rental. RentoMojo operates in a competitive market with competitors including Cityfurnish, GuaRented, Rentickle, GrabonRent and Rentongo, among others.
- Headquarter Bengaluru, India
- Employees 422 as on 08 Apr, 2024
- Founders Geetansh Bamania
- Stage Minicorn
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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
*********
- Legal Name Edunetwork Private Limited
- Date of Incorporation 16 Apr, 2012
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$14.82 M (USD)16.89as on Mar 31, 2023
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Net Profit
$745.18 K (USD)145.74as on Mar 31, 2023
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EBITDA
$2.99 M (USD)1033.43as on Mar 31, 2023
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Total Equity Funding
$58.41 M (USD)
in 18 rounds
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Latest Funding Round
$12.4 M (USD), Series D
Feb 21, 2024
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Investors
BlackSoil
& 33 more
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Employee Count
422
as on Apr 08, 2024
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Products & Services of RentoMojo
RentoMojo offers a comprehensive portfolio of products and services, including Furniture Rental, Appliances Rental, and Electronics Rental. 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.
Platform for subscribing and renting furniture items
Service for renting home appliances and electronics
Rent electronics through flexible subscription options
Unlock access to complete
Funding Insights of RentoMojo
RentoMojo has successfully raised a total of $58.41M across 18 strategic funding rounds. The most recent funding activity was a Series D round of $12.4 million completed in February 2024. 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 18
- Last Round Series D — $12.4M
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First Round
First Round
(11 Aug 2015)
- Investors Count 34
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series D - RentoMojo | Valuation | Magnetic , Edelweiss Discovery Fund | |
| Dec, 2023 | Amount | Series C - RentoMojo | Valuation | Unity Small Finance Bank |
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| Jan, 2023 | Amount | Series C - RentoMojo | Valuation | Lighthouse Canton |
| 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 RentoMojo
RentoMojo has secured backing from 34 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackSoil, Accel and Lighthouse Canton. 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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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Mid-stage private equity firm
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Founded Year | Domain | Location | |
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Early-stage tech ventures in the US and Asia are funded.
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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 RentoMojo
| 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 - RentoMojo
| 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 |
Rentomojo Comparisons
Competitors of RentoMojo
RentoMojo 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, Rentickle, GrabonRent and Rentongo, 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 |
Furniture and home appliances are rented via an online portal.
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| domain | founded_year | HQ Location |
Functions as an online marketplace for renting multi-category products.
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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 |
Multi-category home improvement products are rented via an online platform.
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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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Latest news on Rentomojo
Frequently Asked Questions about RentoMojo
When was RentoMojo founded?
RentoMojo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is RentoMojo located?
RentoMojo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of RentoMojo?
Geetansh Bamania is the current CEO of RentoMojo. They have also founded this company.
Is RentoMojo a funded company?
RentoMojo is a funded company, having raised a total of $58.41M across 18 funding rounds to date. The company's 1st funding round was a Series C of $1.99M, raised on Aug 11, 2015.
How many employees does RentoMojo have?
As of Apr 08, 2024, the latest employee count at RentoMojo is 422.
What is the annual revenue of RentoMojo?
Annual revenue of RentoMojo is $14.82M as on Mar 31, 2023.
What does RentoMojo do?
Founded in 2014 and headquartered in Bengaluru, India, RentoMojo operates as a rental platform in the consumer goods sector. Subscriptions are provided for categories including furniture, appliances, vehicles, fitness equipment, baby products, medical items, and electronics. In-house logistics and installation services are managed, alongside features such as free cancellation, relocation support, and maintenance. A mobile application is accessible on Android and iOS platforms.
Who are the top competitors of RentoMojo?
RentoMojo's top competitors include Cityfurnish, Rentickle and Rentongo.
What products or services does RentoMojo offer?
RentoMojo offers Furniture Rental, Appliances Rental, and Electronics Rental.
Who are RentoMojo's investors?
RentoMojo has 34 investors. Key investors include BlackSoil, Accel, Lighthouse Canton, Bain Capital, and Edelweiss Asset Management.
What is RentoMojo's valuation?
The valuation of RentoMojo is $105.21M as of Feb 2024.