Furniture and home electronics rental startup Rentomojo has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering of Rs 1,100-1,200 crore.
The proposed offer includes a fresh issue of shares worth Rs 150 crore. The reminder will be shares offered for sale by existing shareholders.
Early and institutional investors such as Accel, Chiratae Ventures and Edelweiss Financial Services plan to pare stakes in the company, along with founder and chief executive Geetansh Bamania. Classified as a promoter, Bamania holds a little over 14% in the Bengaluru-based company.
According to the DRHP, Rentomojo plans to utilise Rs 70 crore from the sale of primary shares for repayment of certain debt. A further Rs 42.5 crore will be allocated towards lease rental payments for its warehouses and offline experience centres, with the remaining funds earmarked for general corporate purposes.
The company has raised about Rs 400 crore from private investors to date. Its most recent funding was in February 2024, when it secured Rs 210 crore in a round led by Edelweiss at a valuation of Rs 850-900 crore.
For the six months ended September 2025, Rentomojo reported operating revenue of Rs 177 crore. It posted a net profit of Rs 61 crore for the period, including a deferred tax credit of Rs 33 crore. It has reported net profitability over each of the past three financial years.
Merchant bankers Motilal Oswal Financial Services, Axis Capital and IIFL Capital Services are managing the IPO.
Rentomojo, which won the Comeback Kid prize at the ET Startup Awards 2024, saw significant operational disruption during the Covid-19 pandemic, a period that forced a reset of its business model. It has since emerged as a profitable player in the segment. In FY25, the company reported revenue of Rs 266 crore, marking a 38% year-on-year (YoY) increase.
Founded in 2014, Rentomojo operates in a category that saw a proliferation of startups in its early years. Consolidation followed, with several players shutting down or being acquired. In July 2023, rival Furlenco was acquired by Sheela Foam, which owns the Sleepwell brand. In 2025, Furlenco raised Rs 125 crore from Sheela Foam, with participation from asset management firm White Oak Capital and market investor Madhu Kela. Furlenco is also preparing for a public listing.
In its prospectus, Rentomojo estimated the total addressable market for the home furniture and appliances rental segment at Rs 69,520 crore as of 2025, highlighting the scale of opportunity in a category driven by urban mobility, rising disposable incomes, and a shift towards asset-light consumption.
The proposed offer includes a fresh issue of shares worth Rs 150 crore. The reminder will be shares offered for sale by existing shareholders.
Early and institutional investors such as Accel, Chiratae Ventures and Edelweiss Financial Services plan to pare stakes in the company, along with founder and chief executive Geetansh Bamania. Classified as a promoter, Bamania holds a little over 14% in the Bengaluru-based company.
According to the DRHP, Rentomojo plans to utilise Rs 70 crore from the sale of primary shares for repayment of certain debt. A further Rs 42.5 crore will be allocated towards lease rental payments for its warehouses and offline experience centres, with the remaining funds earmarked for general corporate purposes.
The company has raised about Rs 400 crore from private investors to date. Its most recent funding was in February 2024, when it secured Rs 210 crore in a round led by Edelweiss at a valuation of Rs 850-900 crore.
For the six months ended September 2025, Rentomojo reported operating revenue of Rs 177 crore. It posted a net profit of Rs 61 crore for the period, including a deferred tax credit of Rs 33 crore. It has reported net profitability over each of the past three financial years.
Merchant bankers Motilal Oswal Financial Services, Axis Capital and IIFL Capital Services are managing the IPO.
Rentomojo, which won the Comeback Kid prize at the ET Startup Awards 2024, saw significant operational disruption during the Covid-19 pandemic, a period that forced a reset of its business model. It has since emerged as a profitable player in the segment. In FY25, the company reported revenue of Rs 266 crore, marking a 38% year-on-year (YoY) increase.
Founded in 2014, Rentomojo operates in a category that saw a proliferation of startups in its early years. Consolidation followed, with several players shutting down or being acquired. In July 2023, rival Furlenco was acquired by Sheela Foam, which owns the Sleepwell brand. In 2025, Furlenco raised Rs 125 crore from Sheela Foam, with participation from asset management firm White Oak Capital and market investor Madhu Kela. Furlenco is also preparing for a public listing.
In its prospectus, Rentomojo estimated the total addressable market for the home furniture and appliances rental segment at Rs 69,520 crore as of 2025, highlighting the scale of opportunity in a category driven by urban mobility, rising disposable incomes, and a shift towards asset-light consumption.
