Furniture, electronics, and appliance-centric consumer leasing platform Rentomojo has raised Rs 1 crore as non-convertible debentures (NCD’s) from Kamal Bhandari on private placement basis. The company has allotted 10,000 redeemable NCD’s at face value of Rs 1,000 each for the same.
Launched in 2014, Rentomojo is an online rental platform that provides furniture, appliances and electronics (mobiles, laptops) on a monthly rental basis. Previously, the firm had raised Rs 277 million from Samsung Ventures in August 2019. (Source-MCA)
