India Deal Monitor: Accel, Bain Capital back Rentomojo and more updates

Online rental marketplace Rentomojo, operated by Edunetwork Pvt. Ltd, has raised about $3.3 million (Rs 24.5 crore) from its existing backers, including Accel, Chiratae Ventures, Bain Capital, and French entrepreneur Renaud Laplanche, per media reports.

Accel is now the largest shareholder with about 26.8 per cent stake in Rentomojo while Chiratae holds around 25.12 per cent. Meanwhile, Bain Capital holds 8.9 per cent stake in the startup.

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