Rentomojo IPO

About Rentomojo

Rentomojo Limited (formerly Edunetwork Private Limited) is the largest technology-enabled, full-stack online rental and subscription platform for home furniture and appliances in India, commanding an estimated 42–47% market share in the organized segment as of FY25. Founded in 2014, the Bengaluru-based company operates an omni-channel model with over 2.27 lakh live subscribers across 22 cities, supported by 21 warehouses and 67 experience stores. The company has demonstrated a strong shift toward profitability, reporting Revenue from Operations of ₹265.96 crore and a Profit After Tax (PAT) of ₹43.11 crore for FY25, which further accelerated in the first half of FY26 (H1 FY26) to a profit of ₹61.38 crore. The proposed IPO includes a fresh issue of ₹150 crore and an Offer for Sale (OFS) of 2.84 crore shares, primarily aimed at de-leveraging the balance sheet through the repayment of ₹70 crore in borrowings and funding operational expansions, such as warehouse lease payments and experience store rollouts.