Rentomojo gains on debut
· Business · Business Standard
Rentomojo, the Bengaluru-based rent-to-own startup, listed on the Indian stock market with its shares opening at a premium. The company, founded in 2015, offers furniture and electronics on a rental model and counts Sequoia Capital and Lightspeed as investors. Its initial public offering was subscribed 12 times, reflecting strong investor appetite.
Why it matters
The successful debut provides Rentomojo with fresh capital to scale its asset-light rental platform and validates the rent-to-own business model in India's growing startup ecosystem.
Read the original report — Business Standard
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