Homegrown two- and three-wheeler major TVS Motor has invested Rs 50 lakh in Bangalore-based Condivision Solutions the parent company of Rentongo.com
TVS Motors has increased its stake in the rental company by 5.6 percent, taking its total ownership to 29.6 percent.
Rentongo is an online platform that connects consumers looking to rent out various products including – two-wheelers, passenger vehicles, buses, among others – with prospective renters.
The company established in 2012, currently operates in key metroes that includes Bengaluru, Delhi/NCR, Hyderabad, Mumbai, and Pune.