Indian rental start - up Rentmojo has successfully raised $ 10 m in a Series B funding round to expand its service , which offers urban living essentials for rental . The round was led by Angel Capital Ventures , and saw contributions from Lending Club founder Renaud Laplanche , as well as Accel and IDG . He estimates that many in urban areas spend upwards of $100 per month on such apps, whereas a Rentomojo bike typically costs $30-40 per month. It raised $ 5 m one year ago , with the company extending its service from home appliance and furniture rental to include motorbikes . 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 $ 10 m in a Series B funding round to expand its service , which offers urban living essentials for rental . The round was led by Angel Capital Ventures , and saw contributions from Lending Club founder Renaud Laplanche , as well as Accel and IDG . It raised $ 5 m one year ago , with the company extending its service from home appliance and furniture rental to include motorbikes . The start - up ’s aim is to provide India ’s roaming workforce with home essentials , without having to pay each time they move .