IPO
Furniture rental platform Rentomojo gets Sebi nod to raise Rs.150-Cr
Bengaluru-based furniture and appliances rental startup Rentomojo has received approval from the capital market regulator Sebi for its proposed initial public offering (IPO). The transaction includes a fresh issue of equity shares worth INR 150 crore and an offer for sale of 2.84 crore equity shares by existing shareholders.Motilal Oswal Investment Advisors, Axis Capital, and IIFL Capital Services have been appointed as the book-running lead managers to the transaction.Rentomojo operates a direct-to-consumer online rental and subscription platform for furniture and home appliances. As of September 30, 2025, the company claims to have managed 2.28 lakh subscribers across 22 cities and maintained a portfolio of 7,28,773 products. The firm plans to use the net proceeds from the fresh issue to repay loans, cover lease rentals or licence fees for warehouses and experience stores.
Between Aug 205 and Feb 2026, Rentomojo had attracted about $108 M from Accel India, Chiratae Ventures, InnoVen Capital, Bain Capital Ventures, Pratithi Investments, GMO Venture Partners, Mitsui Sumitomo Insurance Venture Capital, Samsung Ventures, BlackSoil Capital, Hack VC, Lighthouse Canton, ValueQuest, Madison India and Others.For FY25, Rentomojo had reported about INR 266 Cr in Operating Income and about INR 43 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
