India, Sept. 8 -- Ahead of the commencement of the bidding for its public issue on September 9, furniture and appliance rental platform RentMojo has raised nearly Rs.376.1 Cr from anchor investors.

In a filing with the exchanges, the startup said that it allotted 93.1 Lakh equity shares to 41 anchor investors at Rs.404 apiece, the upper end of its IPO price band.

Sixteen domestic mutual funds lapped up 60.4 Lakh shares worth nearly Rs.244.1 Cr via a total of 30 schemes, accounting for 32.68% of the total anchor allocation. In addition, five life insurance companies picked up 12.6 Lakh shares for a sum of Rs.51 Lakh.

The anchor round saw participation from Kotak Mahindra Trustee, Edelweiss, Invesco, HDFC, Motlal Oswal, Bajaj Finserv, JM...