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
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- 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.
Platform for subscribing and renting furniture items
Service for renting home appliances and electronics
Rent electronics through flexible subscription options
People of RentoMojo
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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 |
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.
| 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 |
Investments & Acquisitions by RentoMojo
Financial Statements - RentoMojo
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.
| 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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Frequently Asked Questions about RentoMojo
RentoMojo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
RentoMojo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Geetansh Bamania is the current CEO of RentoMojo. They have also founded this 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.
As of Apr 08, 2024, the latest employee count at RentoMojo is 422.
Annual revenue of RentoMojo is $14.82M as on Mar 31, 2023.
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.
RentoMojo's top competitors include Cityfurnish, Rentickle and Rentongo.
RentoMojo offers Furniture Rental, Appliances Rental, and Electronics Rental.
RentoMojo has 34 investors. Key investors include BlackSoil, Accel, Lighthouse Canton, Bain Capital, and Edelweiss Asset Management.
The valuation of RentoMojo is $105.21M as of Feb 2024.