About Rentoza
Rentoza is a company based in Sandton (South Africa) founded in 2017.. Rentoza has raised $7.3 million across 3 funding rounds from investors including Alitheia IDF, Vumela and Mineworkers Investment Company (MIC). Rentoza offers products and services including Mobile Phones, Laptops, Televisions, Washing Machines, and Exercise Bikes.
- Headquarter Sandton, South Africa
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.3 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Series A
Sep 05, 2023
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Investors
Alitheia IDF
& 3 more
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Employee Count
Employee Count
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Products & Services of Rentoza
Rentoza offers a comprehensive portfolio of products and services, including Mobile Phones, Laptops, Televisions, Washing Machines, and Exercise Bikes. 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.
Subscription-based rental of smartphones for daily use.
Devices available via monthly subscriptions for computing needs.
Rental options for smart TVs and media boxes.
Home essentials rented through subscription plans.
Fitness equipment for rent to support home workouts.
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Funding Insights of Rentoza
Rentoza has successfully raised a total of $7.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in September 2023. 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 3
- Last Round Series A — $6.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series A - Rentoza | Valuation | Alitheia IDF | |
| Jun, 2022 | Amount | Seed - Rentoza | Valuation | Mineworkers Investment Company |
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| Jul, 2019 | Amount | Seed - Rentoza | Valuation | Startupbootcamp |
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| 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 Rentoza
Rentoza has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Alitheia IDF, Vumela and Mineworkers Investment Company (MIC). 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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Founded Year | Domain | Location | |
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Vumela is focused on supporting SMEs with access to finance.
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Founded Year | Domain | Location | |
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A black-owned investment holding company focused on long-term assets.
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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 Rentoza
| 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 - Rentoza
| 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 |
Rentoza Comparisons
Competitors of Rentoza
| 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 Rentoza
Frequently Asked Questions about Rentoza
When was Rentoza founded?
Rentoza was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Rentoza located?
Rentoza is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
Who is the current CEO of Rentoza?
Chris Govender is the current CEO of Rentoza.
Is Rentoza a funded company?
Rentoza is a funded company, having raised a total of $7.3M across 3 funding rounds to date.
What does Rentoza do?
Rentoza was founded in 2017 and is based in Sandton, South Africa. An online platform is operated for renting multi-category consumer products, including appliances, baby equipment, and electronic items. Users are enabled to search for products, select rental dates, confirm availability, and process payments through the system. Operations focus on the consumer goods rental sector within the South African market.
What products or services does Rentoza offer?
Rentoza offers Mobile Phones, Laptops, Televisions, Washing Machines, and Exercise Bikes.
Who are Rentoza's investors?
Rentoza has 4 investors. Key investors include Alitheia IDF, Vumela, Mineworkers Investment Company (MIC), and Startupbootcamp.
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