Bengaluru-based furniture and appliance rental platform RentoMojo officially converted into a public limited company, changing its legal name from Rentomojo Private Limited to Rentomojo Limited.
This conversion is a mandatory regulatory step for any private entity planning to list on the stock exchanges, signaling that the company has entered the final stages of its Initial Public Offering (IPO) journey.
The Road to IPO (FY27)
While the company is now a public entity, the actual listing is reportedly targeted for FY27 (sometime between April 2026 and March 2027).
- Bankers Appointed: RentoMojo has already appointed IIFL Capital and Motilal Oswal Investment Banking as the book-running lead managers to oversee the issue.
- Corporate Alignment: This is the second major branding shift for the company; in September 2025, it changed its parent entity name from Edunetwork to RentoMojo to better align its corporate identity with its consumer brand ahead of the public debut.
Financial Snapshot (FY25 Results)
RentoMojo is heading toward the public markets on the back of its strongest financial performance to date, marking its fourth consecutive year of profitability.
| Metric | FY25 Performance | YoY Change |
| Operating Revenue | ₹266 Crore | +38% |
| Net Profit | ₹43 Crore | +92% |
| EBITDA | ₹118 Crore | +51% |
| ROCE | 25.1% | (Sign of high capital efficiency) |
- The “Flywheel” Effect: CEO Geetansh Bamania noted that the company’s margin expansion is driven by the reuse of older assets (purchased between 2017–2019) that are now fully paid off but continue to generate subscription revenue.
- Capital Independence: The company is now increasingly funding its asset procurement through internal cash flows rather than relying on external debt or equity.
Scale and Reach
RentoMojo has successfully navigated the “unit economics nightmare” that plagued its former rivals (like Furlenco, which was acquired by Sheela Foam in 2023).
- Subscribers: Over 2.2 lakh live subscribers.
- Inventory: Manages more than 7.7 lakh rental items.
- Experience Stores: Operates 71 physical stores across 23 cities, which have significantly improved conversion rates by allowing customers to inspect refurbished goods in person.
- Category Expansion: While furniture and appliances remain the core, its newer water purifier rental category has begun contributing significant volume.
Investor Backing
To date, RentoMojo has raised over ₹650 crore ($78M) from marquee investors who are expected to see a significant valuation bump during the IPO.
- Key Investors: Accel (21.4%), Chiratae Ventures (13.8%), Bain Capital, and the Edelweiss Discovery Fund.
