Bengaluru-based on demand product rental marketplace on Wednesday raised an undisclosed amount in pre-Series A round led by IvyCap Ventures and Unicorn India Ventures. Prayag Mohanty, VP at IvyCap and Bhaskar Majumdar, Managing Partner at Unicorn Ventures will join GrabOnRent's board. The platform lets users rent home appliances, furniture, cameras, gaming consoles, hoverboards and bicycles.