April 23, 2024

Furniture Rental Startup Rentomojo Pockets Funding From ValueQuest Scale Fund

Online furniture rental startup Rentomojo has raised an undisclosed amount from ValueQuest Scale Fund in a Series D funding round.
The latest investment by ValueQuest includes a mix of primary investment and secondary purchase for a minority stake in Rentomojo.
This comes months after Rentomojo raised INR 210 Cr ($25 Mn) in its Series D and D1 round led by Edelweiss Discovery Fund Series – I. Rentomojo plans to use the funds for further expansion. The company plans to extend its offline centres beyond Bengaluru to other major metro cities, prioritising technology as part of its growth strategy.
The recent funding infusion further boosts Rentomojo, enabling it to solidify its position as the forefront innovator in the Indian appliances and furniture rental market.