GrabOnRent raises bridge funding from Unicorn India, IvyCap

Date posted: Wednesday 21 June 2017

Product rental marketplace GrabOnRent has raised an undisclosed amount of funding in its bridge round ahead of closing Series A round of around $4-5 million. The company has received money from an overseas angel investor. Bangalore-based GrabOnRent Internet Pvt Ltd will use the money to enhance its technology. The company had raised a seed round from IvyCap Ventures and Unicorn India Ventures early last year. The company provides rental supplies across categories like furniture, appliances, cameras, laptops, bikes, adventure gear, and lenses in Bangalore and Hyderabad.

(DealStreet Asia)