This furniture rental company has filed for IPO in India
What's the story
Rentomojo, an e-rental and subscription platform for home furniture and appliances, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is looking to raise funds via an initial public offering (IPO) comprising a fresh issue of equity shares worth up to ₹150 crore. The offer will also include an offer-for-sale (OFS) of up to 2,83,99,567 equity shares by existing shareholders.
Fund allocation
Fresh issue funds will be used for these purposes
The company plans to use the funds raised from the fresh issue for debt repayment, lease rentals or license fees for its warehouses and experience stores, as well as general corporate purposes. Founded by Geetansh Bamania, Rentomojo is a tech-driven full-stack direct-to-consumer (D2C) platform that provides rental and subscription services for furniture and home appliances across India.
Business standing
Rentomojo holds 42-47% subscription market share
As per a Redseer report referenced in the draft papers, Rentomojo is the biggest player in the organized online rental segment for furniture and appliances with a market share of 42-47% based on subscription revenue in FY2025. As of September 30, 2025, the company had over 2.27 lakh live subscribers across 22 cities and operated through a network of 21 warehouses.
Revenue
FY25 revenue stood at ₹265.96cr
Rentomojo's revenue from operations was ₹265.96 crore for the full fiscal year 2025 and profit after tax stood at ₹43.11 crore for FY2025. The company has proposed to use the net proceeds from its IPO for various purposes. These include repayment/prepayment of certain outstanding borrowings along with accrued interest thereon availed by the firm, payment of lease rentals or license fees for its warehouses and experience stores, and general corporate purposes.