Furniture, electronics, and appliance-centric consumer leasing platform Rentomojo has raised Rs 14.27 crore in a debt funding round from Japan-based GMO Payment Gateway. The company has allotted 250 Series A compulsorily convertible debentures (CCDs) at face value of Rs 5,71,000 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. Two months back, the firm had raised Rs 1 crore debt capital. (Source-MCA)
