15 February, 2016, India: In its recent funding round, Rentsher has acquired seed funding of US $300,000. The funding round was headed by Dubai based ex-Mckinsey investor Vaibhav Doshi and he was accompanied by other investors such as Abhay Singhal – Co-founder of In Mobi, Vibhu Garg – Co-founder and COO of Unnicommerce, Joby Babu, COO at Nimbuzz, Abhishek Acharya GM, Philips India and Manish Shah of Wipro, UK.
Rentsher deals in providing huge range of products on rent to its customers. The company excels in providing high end services right from choosing and booking the product online to delivery and pick-up. Founded by Abhijit Shaha, Harsh Dhand and Karandeep S Vohra, currently company operates in Bangalore and Delhi.
Commenting on the development, Harsh Dhand, CEO, Rentsher stated, “RentSher’s strong supply side and operations capability have enabled us to fulfil even large orders such as Windmill Asia event which saw 10000+ visitors, LIFE conference in 4 cities and Podar Jumbo Kids Annual Days for its 54 centres. Our vision is to make RentSher a platform that is at the intersection of sharing economy and on-demand economy with products delivered as and when our customers need them. We are building a strong team focused on sustaining 30-40% month-on-month growth that will enable us to reach 1000 orders/month this quarter itself and double it by next quarter.”