Indian rental start-up Rentmojo has successfully raised $10m in a Series B funding round to expand its service, which offers urban living essentials for rental. All told, Rentomojo CEO and founder Geetansh Bamania told TechCrunch he believes the total market is worth $6 billion per year. The fundraising was led by Bain Capital Ventures, and saw contributions from Lending Club founder Renaud Laplanche, as well as Accel and IDG. “Rent is the most important part of our lives,” said co-founder and CEO Rahul Bansal. The start-up’s aim is to provide India’s roaming workforce with home essentials, without having to pay each time they move.
Indian rental start-up Rentmojo has successfully raised $10m in a Series B funding round to expand its service, which offers urban living essentials for rental. The fundraising was led by Bain Capital Ventures, and saw contributions from Lending Club founder Renaud Laplanche, as well as Accel and IDG. “Rent is the most important part of our lives,” said co-founder and CEO Rahul Bansal. The start-up’s aim is to provide India’s roaming workforce with home essentials, without having to pay each time they move.