RentoMojo prepares for its public market debut with a filed red herring prospectus.
RentoMojo, the furniture and appliance rental startup, has reported a significant improvement in its financial performance for the fiscal year 2025-26 (FY26), as it moves closer to a public market listing. The company’s restated profit after tax (PAT) climbed to ₹104.2 Cr, a 142% increase from the ₹43.1 Cr recorded in the previous fiscal year.
The growth was driven by a 45.5% rise in operating revenue, which reached ₹387 Cr, supplemented by a one-time tax credit of ₹36.6 Cr. Despite a slight contraction in EBITDA margins from 43.6% to 41.5%, the company’s absolute EBITDA grew by 38% to ₹163.5 Cr.
Founded in 2014, RentoMojo has attracted backing from prominent venture capital firms including Accel, Chiratae Ventures, and Bain Capital. To date, the company has secured over $45 Mn in total funding. Its operational footprint currently spans 29 cities, supported by 20 warehouses and 82 retail locations.
The financial disclosure comes as the company advances its IPO plans. RentoMojo has filed its red herring prospectus with the Securities and Exchange Board of India (SEBI), outlining a strategy that includes a fresh issue of shares worth ₹150 Cr alongside an offer for sale (OFS) of 2.7 Cr shares. Should the IPO proceed, it would mark the first instance of a dedicated furniture rental platform listing on Indian public markets.
Operational scaling has necessitated higher expenditure, with total costs rising 41.5% to ₹323.9 Cr. Notable increases were observed in performance marketing, which grew by 86.3% to ₹20.9 Cr, and contractual manpower costs, which rose 54.2% to ₹38 Cr. As the company prepares for its transition to the public markets, investors will be monitoring whether its current trajectory of product occupancy—now at 83.3%—can sustain long-term profitability.
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