Bangalore-based online renting platform, RentSher that was founded by IIT Delhi and Oxford University alumni including Abhijit Shaha, Harsh Dhand and Karandeep S Vohra, has raised $300,000 in seed round of funding.
The round was led by Dubai-based ex-McKinsey investor Vaibhav Doshi along with Abhay Singhal, Co-founder of InMobi, Vibhu Garg, Co-founder and COO of Unicommerce, Joby Babu, COO at Nimbuzz, Abhishek Acharya, general manager at Philips India, and Manish Shah of Wipro, UK.
The raised funding will be used for product development, fulfillment and growth. RentSher is a marketplace for rental products including fancy-dress costumes for school annual days, renting kids play areas and toys for birthday parties, home parties and apartment carnivals, renting laptops and projectors for small businesses, or renting projectors, speaker sound systems, televisions and barbecue grills for home parties.
The startup is currently operational in in Bangalore, Delhi, Gurgaon and Noida.