RentoMojo in talks to raise $40m from Japanese investor GMO, others

RentoMojo in talks to raise $40m from Japanese investor GMO, others

Visual from RentoMojo website

Furniture and appliance leasing startup RentoMojo is in discussions to close a fresh funding round of up to $40 million from existing investors as well as a new investor, said two people aware of the matter.

The startup, owned and operated by Edunetwork Pvt. Ltd, offers furniture, electronics and bikes on lease in Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad, Noida, and Gurugram.

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