Meet RentoMojo, a furniture rental startup from Bengaluru

By | 10th December 2016
rentomojo-624x351

Startups have managed to get Indian audiences buy furniture online, but there are others who are now trying to redefine it further. RentoMojo is an online rental company (web and Android app) for appliances and furniture. In a city like Bengaluru, with some pockets known to be occupied by the young, many would find the option of renting furniture feasible when they have guests or parents visiting. Or even others, like working professionals who are always on the move, would find this a great solution for rented apartments. Founded in 2014, it has 10,000 active subscriber base and aims to reach 1 lakh subscriber base by 2017.

RentoMojo was founded to address issues concerning working professionals moving cities across their career. Their struggle with heavy relocation expenses led to formation of RentoMojo. “Like many other young working professionals we were living in rented apartments, working long hours and we faced a lot of trouble each time we had to equip our house when we moved. That got us thinking, since ages we’ve been fixated on the idea of owning stuff and after a while when it’s out of fashion or doesn’t suit our lifestyle we simply sell it for peanuts. That’s when we got the idea for RentoMojo,” Geetansh Bamania, CEO and founder at RentoMojo tells us.

Bamania along with Ajay Nain founded this startup. Bamania, a serial entrepreneur completed engineering from IIT Madras. He has worked with companies like Flipkart, Pepperfry and KPMG. Today, RentoMojo is a team of more than 200 people and across six cities in India. Bamania says that it is the affordable rentals and elimination of the intermediary margins that sets them apart from other similar offerings. “We wanted to provide a furnishing solution that is affordable, high on quality and very smooth on customer experience at every touchpoint,” he adds. Tech2 checked out the website and saw some lucrative deals such as a three seat sofa for as low as Rs 699 per month and a mini studio with a bed, mattress, wardrobe, study table, chair and bean bag for Rs 1329 per month. However, when we clicked on it, it was out of stock.

The company uses technology to offer hassle-free shopping experience to its customers. One can login into the RentoMojo website or app, select from its product range or even curated home packages, pay a refundable deposit and the RentoMojo team will get in touch to confirm the order and delivery time. “We provide free delivery, free re-location of our furniture if you decide to move, free maintenance,” Bamania points out.

“We introduced the quickest payment solutions for our existing subscribers to enable effortless rental payments. It’s beautiful the way our app authenticates you in one go without a password and lets you manage your account without any hassle. Come back after a year and we’d still remember you without asking for one caps, one small letter, one numerical and a special character because every customer is special to us,” he further adds.

RentoMojo has received $2 million in pre-series A in June 2015 and $5 million in series A funding from Accel Partners and IDG Ventures. It follows an asset- light model wherein they’ve tied up with vendors for the inventory that is rented out to customers and in return charge a servicing fee for it.

“We are primarily targeting working professionals with decent disposable incomes and mostly living out of their home city. We all are moving into an era where owning depreciating products has become a thing of the past. Today’s millennial wants to have access to lifestyle products rather than own them. Thus RentoMojo, being the provider of this access to a better lifestyle will positively impact the lives of our target audiences,” he further adds.

On the roadmap for 2016, RentoMojo plans to expand to few more cities and also add more categories.

24 thoughts on “Meet RentoMojo, a furniture rental startup from Bengaluru

  1. Adelaide

    hello there and thank you for your info –
    I’ve certainly picked up anything new from right here.
    I did however expertise a few technical issues using this web site, as
    I experienced to reload the site many times previous to I could get it to
    load correctly. I had been wondering if your web host is OK?
    Not that I am complaining, but sluggish loading instances
    times will often affect your placement in google and could damage your high-quality score
    if ads and marketing with Adwords. Well I’m adding this RSS to my
    email and could look out for a lot more of your respective interesting content.
    Ensure that you update this again very soon.

    Reply
  2. check it out

    Hello all, here every one is sharing these kinds of know-how, thus
    it’s pleasant to read this weblog, and I used to
    go to see this weblog every day.

    Reply
  3. Xóa sẹo thẩm mỹ - Tin tức xóa sẹo lồi

    Have you ever considered writing an ebook or guest authoring
    on other blogs? I have a blog centered on the same subjects you discuss and would really like to have you share some stories/information. I know
    my audience would appreciate your work. If you are even remotely interested,
    feel free to send me an e-mail.

    Reply
  4. bird protect

    Thank you for any other informative site. The place else may
    I get that kind of info written in such an ideal
    way? I have a mission that I’m simply now running
    on, and I have been at the look out for such
    information.

    Reply
  5. George

    Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something.
    I think that you can do with a few pics to drive the message home a little bit, but other than that, this is excellent
    blog. An excellent read. I’ll definitely be back.

    Reply
  6. barcode scanner

    Hey! I know this is kinda off topic but I was wondering if you knew where
    I could locate a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having
    problems finding one? Thanks a lot!

    Reply
  7. 500px.com

    Hi to all, how is everything, I think every one is getting more from this web site, and your views are good for new visitors.

    Reply
  8. http://namioty.polskichicken.pl

    I’m really inspired along with your writing skills as neatly as with the layout on your weblog.
    Is that this a paid topic or did you modify it yourself?
    Anyway keep up the nice quality writing, it’s uncommon to
    peer a nice weblog like this one today..

    Reply
  9. camera ip wifi hà nội giá rẻ

    Very good blog you have here but I was wondering if you
    knew of any forums that cover the same topics discussed in this article?
    I’d really love to be a part of group where I can get responses from other knowledgeable individuals that share the same interest.
    If you have any suggestions, please let me know. Thank you!

    Reply
  10. Olivia

    Why viewers still make use of to read news papers when in this technological globe
    the whole thing is presented on net?

    Reply

Leave a Reply