RentoMojo | ₹376.1 Cr (Anchor Round, Pre-IPO)

Founders: Geetansh Bamania, Ajay N.

Founded: 2014

HQ: Bengaluru

Sector: Consumer Rental Subscription Platform

What they do

→ Subscription-based rental platform for furniture, appliances and home essentials

→ Operates 20 warehouses and 82 stores across 29 Indian cities

→ Lets customers rent instead of buy big-ticket household items

The Funding

→ Raised ₹376.1 Cr from 41 anchor investors ahead of its IPO

→ Allotted 93.1 lakh shares at ₹404 apiece, the upper end of the price band

→ Anchor book led by Goldman Sachs India Equity Portfolio and BlackRock Global Funds, with 30 domestic mutual fund schemes taking ₹244.1 Cr

→ IPO opens September 9, closes September 11; values RentoMojo at ~₹4,206 Cr

Why it matters

→ FY26 profit after tax jumped 142% YoY to ₹104.2 Cr, revenue up 45.5% to ₹387 Cr

→ Early backers like Accel and Chiratae are set for returns as high as 152x through the OFS

→ Marks one of India's few profitable consumer-rental startups reaching public markets

→ IPO proceeds will go toward debt repayment, store rentals, and general corporate costs

Is India finally ready to rent big-ticket furniture instead of owning it?