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Rentomojo raises $2 mn from Accel Partners, IDG Ventures India

Press Trust of India  |  Bengaluru 

Rentomojo, a furnishing solutions platform, has raised USD 2 million in Pre-Series A funding from Accel Partners and IDG Ventures

The funds will fuel the company's expansion across the country, Rentomojo Co-founder and CEO Geetansh Bamania said.

Venkatesh Peddi from IDG Ventures and Prashanth Prakash from Accel Partners joined the board of directors, the company, headquartered here, said in a statement.

Rentomojo was founded in November 2014 by Madras graduates Geetansh Bamania and Nain.

The company had raised seed capital from London-based investors last year, the statement said.

Currently, they are operating in Bengaluru, Mumbai, NCR and Categories on the platform include appliances, furniture, packages, kitchen and home utility, as well as two-wheelers, the company, which employs over 50 people, said.

First Published: Mon, November 23 2015. 14:42 IST