Rentsher: UAE-based Shorooq Investments, Latitude back product rental marketplace RentSher

RentSher, an online rental marketplace for electronics, medical equipment and items used at events, has raised $1.1 million (Rs 7.5 crore) in a fresh round led by Abu Dhabi-based venture capital firm Shorooq Investments and Dubai-based Latitude Consultants. The round also saw participation by angel investors from the LetsVenture platform and a senior partner from McKinsey & Company's West Asia (Middle East) office. Besides them, angel investors from the UK, the UAE and Saudi Arabia also participated in the round. RentSher will invest the fresh capital in developing a global tech platform to support its customers as [...]