What does RentoMojo do?
Rentomojo operates by offering a diverse range of furniture and appliances for rent. Customers can explore their offerings either online or in their physical showrooms. After selecting the desired items, customers can choose a rental plan that suits their requirements. The flexibility of Rentomojo’s rental plans is a key feature, allowing customers to rent items for as short as a month or for an extended period. This model caters to the evolving consumer preferences for flexibility and convenience over ownership.
Rentomojo Raises $25 Million in Funding Round Led by Edelweiss Discovery
Furniture and appliance rental startup Rentomojo has raised $25 million in a funding round led by Edelweiss Discovery. This is the company’s largest funding round to date and will be used to expand its business and enter new markets. Rentomojo has been profitable for the past 10 quarters and serves close to 450,000 customers. The company competes with several other furniture and appliance rental companies, including Furlenco and Pepperfry.
In Short:
- Furniture startup Rentomojo has raised $25 million in its largest funding round to date.
- Rentomojo boasts profitability for the past 10 quarters and serves nearly 450,000 customers across India.
- This funding round, led by Edelweiss Discovery, positions Rentomojo for continued growth in the flourishing furniture rental market.