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Rentomojo files IPO papers; Accel, Chiratae among investors set to pare stakeRentomojo operates a tech-led, direct-to-consumer platform that offers furniture and home appliances on a rental and subscription basis. The company is currently the largest player in the organised online rental segment, with an estimated market share of 42-47% based on subscription revenue in FY25.By Aishwarya Anand  March 30, 2026, 8:06:30 AM IST (Published)3 Min ReadFurniture and appliance rental platform Rentomojo has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking its entry into the public markets.

The proposed initial public offering (IPO) will include a fresh issue of shares worth up to ₹150 crore, along with an offer for sale of up to 2.83 crore equity shares by existing investors. The face value of each equity share is ₹1.

The offer for sale (OFS) will see partial exits from existing shareholders, including early backers such as Accel, Chiratae Ventures and Edelweiss Discovery Fund, among others. The IPO will also provide liquidity to these investors who have backed the company through its growth phase.

Founder Geetansh Bamania is the promoter of the company.

Founded in 2014, Rentomojo operates a technology-led, direct-to-consumer platform that offers furniture and home appliances on a rental and subscription basis. The company has positioned itself around the growing demand for flexible consumption, particularly among urban consumers who prefer access over ownership.

According to details in the DRHP, Rentomojo is currently the largest player in the organised online rental segment, with an estimated market share of 42-47% based on subscription revenue in FY25.

The company has built a multi-city presence with operations spanning 22 cities as of September 30, 2025, serving over 2.27 lakh subscribers. Its infrastructure includes 21 warehouses and a network of 67 experience stores, enabling it to operate an omni-channel model that combines online discovery with offline engagement.

The platform currently offers a portfolio of over 7.2 lakh live products across categories.

At the core of Rentomojo's business is a lifecycle-driven operating model that spans multiple consumer touchpoints, including onboarding, delivery, installation, servicing, upgrades and returns. This model has helped the company drive repeat usage and maintain steady demand across its inventory.

Occupancy levels have remained consistently strong, staying above 80% in recent periods, reflecting efficient asset utilisation and predictable revenue streams.

On the financial front, Rentomojo reported revenue from operations of ₹265.96 crore in FY25, along with a profit after tax of ₹43.11 crore. For the six months ended September 30, 2025, the company recorded revenue of ₹176.61 crore, while profit after tax stood at ₹61.38 crore, indicating an improvement in profitability and operating leverage.

The company intends to use the proceeds from the fresh issue primarily towards repaying or prepaying certain borrowings, along with funding lease-related expenses for its warehouses and experience stores.

A portion of the proceeds will also be allocated towards general corporate purposes as it continues to expand its footprint.

Rentomojo plans to list its shares on both the BSE and the National Stock Exchange. Motilal Oswal Investment Advisors, Axis Capital and IIFL Capital Services have been appointed as the book-running lead managers for the issue.

The company’s public market debut comes at a time when investor focus has shifted towards sustainable growth, profitability and capital efficiency. Against the backdrop of a more selective funding environment, Rentomojo’s subscription-led model and improving financial profile will be closely watched as it looks to tap public market capital.Continue ReadingTagsIPO