Furniture and appliance rental startup RentoMojo has filed its DRHP with SEBI for an IPO. The company’s proposed IPO will comprise a fresh issue of shares worth up to ₹150 Cr and an offer for sale (OFS) of up to 2.84 Cr shares.
While investors like Accel, Chiratae, Edelweiss MF, GMO Venture, among others, plan to offload shares via the OFS, RentoMojo cofounder Geetansh Bamania also intends to sell up to 20.07 Lakh shares via the IPO.
Accel India will offload the highest 78.47 Lakh shares in the IPO. While Edelweiss plans to sell up to 32.03 Lakh shares, Chiratae would sell up to 29.03 Lakh shares via two holding entities.
Individual shareholders like Dalmia Bharat Group MD Gautam Dalmia, Nazara MD and CEO Nitish Mittersain, Lending Club cofounder Renaud Laplanche, among others, would also pare their stakes.
The company will use the proceeds from the fresh issue to expand its offline presence, set up warehouses, repay certain debt, and for general corporate purposes.
Founded in 2014 by Bamania and Ajay Nain, RentoMojo operates a platform for subscription-based rental of furniture, appliances and home essentials. It operates in 22 cities in India via 21 warehouses, and had a portfolio of 7.29 Lakh products across furniture and appliances, as of September 30, 2025.
On the financial front, RentoMojo improved its bottom line in the run up to filing for the IPO. In the six months ended September 30, 2025 (H1 FY26), RentoMojo’s profit after tax stood at ₹61.4 Cr. Its operating revenue for the period was at ₹176.6 Cr. The company realised a tax credit of ₹32.8 Cr during the period.
For the full fiscal year FY25, RentoMojo’s net profit surged 92% to ₹43.1 Cr from ₹22.4 Cr in the previous fiscal year. Operating revenue increased 38% to ₹266 Cr from ₹192.7 Cr in the previous year.
RentoMojo has been preparing for its IPO for months now. Last month, Inc42 exclusively reported that it converted from a private limited company to a public limited company.