Rentomojo, a Bengaluru-headquartered furnishing solutions platform, has raised $2 million in Pre-Series A from Accel Partners and IDG Ventures India.
Rentomojo, founded in November 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain, had raised seed capital from London-based investors last year.
The funds will fuel our expansion across the country,” Geetansh Bamania, Co-founder and CEO, Rentomojo said in a press statement.
Following the fund-raising, Venkatesh Peddi from IDG Ventures India and Prashanth Prakash from Accel Partners will join the company’s board.
At present, Rentomojo has operations in Bengaluru, Mumbai, Delhi NCR and Pune. Categories on the platform include appliances, furniture, packages, kitchen and home utility, and two-wheelers.
rajesh.kurup@thehindu.co.in
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