India: RentoMojo raises $10m in Series B round from Bain Capital, others

India: RentoMojo raises $10m in Series B round from Bain Capital, others

A vehicle drives past residential buildings in India's financial capital Mumbai January 27, 2010. REUTERS/Punit Paranjpe

Furniture and consumer durables rental start-up RentoMojo has raised $10 million in series B funding from private equity investor Bain Capital Ventures and fintech entrepreneur Renaud Laplanche, the company said on Tuesday.

Existing investors Accel Partners and IDG Ventures contributed 20-30% of the fund and have increased their share in the firm, RentoMojo chief executive Geetansh Bamania said. Accel Partners and IDG Ventures had earlier invested $7 million over two rounds.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter