Rentomojo Series B Funding
Rentomojo secures Sebi approval for IPO with Rs 150-crore fresh issue
Online rental and subscription platform Rentomojo Ltd has received Sebi's go-ahead for its proposed initial public offering (IPO), an update with the regulator showed on Monday. The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an Offer for Sale (OFS) of 2.84 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The regulator received the company's draft papers on April 1 and gave its observations on July 6, the update showed. In Sebi parlance, the issuance of observations implies its approval to float the IPO. According to the draft papers, the company proposes to utilise the net proceeds from the fresh issue towards payment of loans, payment of lease rentals or licence fees for warehouses and experience stores, and general corporate purposes. Rentomojo operates a technology-driven, direct-to-consumer online rental and subscription platform for furniture and home appliances. As of September
 "Rentomojo secures Sebi approval for IPO with Rs 150-crore fresh issue")
Opkey raises $47 million in Series B funding led by PeakSpan Capital
Opkey is also expanding its engineering and AI research teams at its Noida and Bangalore R&D centres to develop a category-defining product
 "Opkey raises $47 million in Series B funding led by PeakSpan Capital")
B2B SaaS firm Rocketlane raises $24 million in Series-B funding round
The firm claims that the latest funding comes even as it has $11 million in reserves. In total, it has raised $45 million in funding to date
 "B2B SaaS firm Rocketlane raises $24 million in Series-B funding round")
Lease startup RentoMojo raises Rs 64 cr from Bain Capital, Renaud Laplanche
It raises lease-capital from financial institutions for products rented to consumers for long-term
 "Lease startup RentoMojo raises Rs 64 cr from Bain Capital, Renaud Laplanche")