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Rentomojo Goes Public Ahead of IPO

5 Mar

Summary

Rentomojo converted to a public limited company.
The company is preparing for a public listing by FY27.
Net rental revenue grew 48.24% CAGR between FY23-FY25.

Rentomojo, a prominent furniture and appliance rental platform, has officially converted into a public limited company. This strategic move precedes its anticipated Initial Public Offering (IPO), with preparations reportedly underway for a public listing targeted around Fiscal Year 27. The company's board and shareholders approved the name change from "Rentomojo Private Limited" to "Rentomojo Limited."

Founded in 2014, Rentomojo operates within the consumer tech and lifestyle sector, providing rentals for furniture, appliances, and water purifiers. As of the latest reports, the company boasts over 2.2 lakh active subscribers and manages more than 7.7 lakh rental items across 23 cities.

Financially, Rentomojo has shown robust performance. Between FY23 and FY25, its net rental revenue achieved a Compound Annual Growth Rate (CAGR) of 48.24%. For FY25, operating revenue reached Rs 266 crore, a 38% increase from FY24, with net profit surging 92% to approximately Rs 43 crore.

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