Amount Raised
₹2.1 Billion
Round Type
Seed
BengaluruReal EstateE CommerceFurnitureRentalInternet PublishingInvestors
Description
Rentomojo has successfully secured a significant investment of Rs 210 crore in an ongoing Series D and D1 round, led by Edelweiss Discovery Fund Series – I, with participation from existing investor Chiratae Growth Fund, alongside Magnetic, founded by Rajeev Chitrabhanu. This investment signifies a strong vote of confidence in Rentomojo's business model and growth trajectory, and it comes at a time when Rentomojo has maintained profitability for the last 10 quarters.
Quick answer
Rentomojo raised ₹2.1 Billion in a Seed round, dated February 21, 2024. Investors: Magnetic, Chiratae Growth Fund and Edelweiss Discovery Fund Series – I. Rentomojo is based in Bengaluru, Karnataka, India.
- How much did Rentomojo raise?
- Rentomojo raised ₹2.1 Billion in a Seed round on February 21, 2024.
- Who invested in Rentomojo?
- Magnetic, Chiratae Growth Fund and Edelweiss Discovery Fund Series – I are named as investors in this round.
- What does Rentomojo do?
- RentoMojo was founded by IIT-M alums and serial entrepreneurs who worked out of almost every major city in India in the last five years.
- Where is Rentomojo based and how big is it?
- Rentomojo is based in Bengaluru, Karnataka, India. Fundz records about 677 employees.
- Who are the decision-makers at Rentomojo?
- Fundz holds 5 contacts at Rentomojo, including the Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Real Estate and E Commerce around the same time
Companies in the same sectors as Rentomojo that raised within 45 days of this round, from Fundz verified event records.
- Leasecake raised $10M (Series A) on April 4, 2024.
- Tour24 raised $2.5M (Series A) on April 4, 2024.
- Mercado Único raised $395K (Pre-Seed) on April 4, 2024.
- ikas raised $20M (Series A) on April 4, 2024.
- Delivery Collective raised $3.8M (Seed) on April 3, 2024.
- PREIT Realty raised $125K (Pre-Seed) on April 2, 2024.
Who to call at Rentomojo, and when
A new round usually means Rentomojo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Rentomojo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Rentomojo, from your own LinkedIn network
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Fundz sees it the moment Rentomojo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Rentomojo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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