Home » FYI » Rental Marketplace, Rentomo Raises $100K In Seed Funding

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FYI

Rental Marketplace, Rentomo Raises $100K In Seed Funding

Company Name : Rentomo
Funding Amount : $100K
Investor(s) Shiva Ashok . .
Funding Round : Seed round


Bangalore based Rentomo has raised a seed funding of $100K from angel investor Shiva Ashok and a UAE based investor.

Rentomo provides a platform that allows users to borrow/rent regular items which they may need only occasionally- like a drill,ladder,camera,bicycle,travel bag etc.

rentomo

The startup was founded by Anshul Johri (ex Amazon) in August 2015. The startup is currently focusing in Bangalore and is boosting popular categories like travel, sport & fitness, motorbikes & electronics.

The company plans to touch a user base to 10K in next 3 months and 2.5K items listed on the platform. It also plans to add payment, delivery and insurance of items soon.

The company claims that in 6 months the platform got 4000+ verified registered users, 300+ listings, closed to 250+ transactions and is growing 30% month on month in terms of transaction, users registration and listings.

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