Investments, News

#Fundingwire: Rentomojo Secures $5M from Accel & IDG; Tripshelf Closes $250K & More

Shown Above: Rentomojo Founders

Shown Above: Rentomojo Founders

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Rentomojo, Tripshelf, Cityfurnish and IntensAquatica

Rentomojo Raises $5M from Existing Investors

Bangalore-based home appliances and furniture rental marketplace Rentomojo, has raised $5 million from existing investors including Accel Partners and IDG Ventures India. The company had last raised $2 million in Pre-Series A from the aforementioned investors in November 2015.

Founded in November 2014 by IIT Madras graduates Geetansh Bamania and Ajay Nain, Rentomojo allows users to rent furniture, home furnishings, appliances etc. It has a team of 50 people. Read More

Tripshelf Closes $250K in Pre-Series A

New Delhi-based online marketplace for leisure travellers Tripshelf has raised $250,000 in Pre-Series A from Delhi based GEMS Group. The raised funds will be used for user acquisition.

Tripshelf was founded in April 2016 by Sukhmani Singh, Jai Raj Gupta and Dhruv Raj Gupta. The round was closed in April 2016. Read More

Furniture Rental Startup Cityfurnish Closes Seed Funding from Brand Capital

Gurgaon-based CityFurnish has raised an undisclosed amount of seed funding from Brand Capital, with participation from Existing investor Manoj Gupta. With the brand capital acquired against equity, the startup aims to expand its presence quickly.

Founded by Neerav Jain in September 2015, the startup operates on a similar on-demand furniture on rent model like that of above mentioned Rentomojo. Read More

Sharad Sharma Invests $37K in Fish Farming Startup IntensAquatica

Bengaluru-based fish farming startup IntensAquatica has raised $37,000 from iSPIRIT head & angel investor Sharad Sharma. The agritech startup working on technology is to increase yield from fish farms through intensive farming.

The company was founded in February 2016 by Ganesh Yala.“I like to invest in sectors that are not yet fashionable. Aquaculture is one of them. I believe that India will emerge as a big market in the future,” says Sharad. Read More

Image Credit: Entrepreneur

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