VC Fund Investments
Furniture rental player Rentomojo raises Series D funding from Valuequest
ValueQuest, a mid-market private equity fund focusing on growth to late stage investments, has picked a stake in Bengaluru-based furniture and appliances rental platform Rentomojo as part of the firm’s Series D funding round.The PE firm, which backed the company from its SCALE fund, invested in a mix of primary and secondary purchases for a minority stake. Rentomojo plans to use the funds for further offline expansion beyond Bengaluru. Rentomjo claims to have served over 450,000 customers across 16 cities. In FY2023, the firm posted a revenue of INR 121 crore.
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