In a Series B funding round, furniture and consumer durables rental startup RentoMojo has raised $ 10 million from private equity investor Bain Capital Ventures and fintech entrepreneur Renaud Laplanche. Existing investors Accel Partners and IDG Ventures increased their share in the firm and contributed 20% – 30% of the fund. IIT graduates Geetansh Bamania, Ajay Nain, Prashant Chanchal and K.J. Venky founded the firm in 2014. Presently, RentoMojo operates in eight cities including Delhi, Pune and Mumbai. The Bengaluru based platform has already handed out Rs. 40 – Rs. 50 crores worth of products on rent and leases about 16,000-20,000 items every month. They currently have over 25,000 active customers.
These fresh funds will be used to further strengthen the product, build a leadership team and expand into new categories and geographies. Including this round, the company has raised a total of $ 17 million in funds. The managing director of Bain Capital Ventures, Salil Deshpande and Renaud Laplanche will join RentoMojo’s board of directors.
Speaking about the startup Salil Deshpande said RentoMojo has built a defensible beachhead in multiple categories in an underserved sector and they were also impressed by RentoMojo’s team. Geetansh Bamania speaking about the investment said Bain coming in at this stage was a big confidence booster that will allow people to see them as a fintech consumer lending firm and not an ecommerce startup. The executive director of IDG Ventures, Venkatesh Paddi said RentoMojo has demonstrated impeccable execution so far and are happy to be a part of the company’s journey.
The consumer durables lending firm uses an asset light model where external capital is raised from banks and financial institutions to buy products, which are then leased out to customers for a minimum of three months to up to two years. RentoMojo are also looking to start three year rent programs and introduce newer categories in the coming months.
Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.
With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.
Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.
247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).
Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.
AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.
Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.