IPO · Commerce & Consumer Brands

Rentomojo converts to public company, eyes IPO

By Startup Enthusiast · 5 March 2026

What they do

Rentomojo rents furniture, appliances and home essentials on a subscription model

It converted to a public company on January 13, 2026 and is preparing for an IPO later this year

The company turned profitable with a net profit of Rs 40 crore in FY25, up 82% from a year ago

Rentomojo converted to a public company (Rentomojo Limited) on January 13, 2026.
It changed its parent entity name from Edunetwork Private Limited to Rentomojo Private Limited in September 2025.
The company is preparing for a potential IPO later in 2026.
The book running lead managers for the IPO are IIFL Capital and Motilal Oswal Investment Banking.
Rentomojo's FY25 net profit was Rs 40 crore, up 82% from Rs 22 crore in FY24.
Its FY25 operating revenue was Rs 266 crore, up 38% from Rs 193 crore in FY24.
The company has raised over Rs 650 crore in total funding from Accel, Chiratae Ventures, Bain Capital and Edelweiss.

Rentomojo turned profitable and grew revenue strongly, making it ready for a public listing.
The IPO will allow early investors like Accel and Chiratae Ventures to exit partially.
The company competes with Furlenco, Rentickle and Cityfurnish in the rental market.

Rentomojo offers a subscription-based rental model for furniture, appliances and home essentials.
It targets urban professionals and students who relocate frequently.
The company operates in 23 cities and has over 2.2 lakh active subscribers.
It manages over 7.7 lakh rental items.
The average customer tenure is ~18 months and ARPU (average revenue per user) is Rs 1,500-2,000 per month.
Rentomojo has expanded into baby care and medical equipment rentals.
It operates 70+ experiential stores, which contribute ~18-20% of operating revenue.
Major revenue comes from metros Bengaluru, Delhi, Mumbai and Hyderabad; it recently entered Ahmedabad, Jaipur, Mysuru, Chandigarh and Kochi.

Accel (existing) — Venture capital firm that invested in Rentomojo.
Chiratae Ventures (existing) — Venture capital firm that invested in Rentomojo.
Bain Capital (existing) — Global investment firm that invested in Rentomojo.
Edelweiss (existing) — Financial services group that invested in Rentomojo.