RentoMojo Files RHP, Uber India Axes 200 Jobs & More
RentoMojo Gears Up For IPO RentoMojo is just weeks away from its D-Street debut. The furniture and appliance rental startup…
RentoMojo is preparing for its IPO, set to launch on September 9 and conclude on September 11. The company will issue a fresh share worth ₹150 Cr and an OFS of up to 2.7 Cr shares, allowing early backers and cofounder Geetansh Bamania to lower their stakes. The funds raised will be utilized for offline expansion, the construction of new warehouses, debt repayment, and meeting general corporate needs.
In FY26, RentoMojo's restated profit after tax rose by 142% YoY to ₹104.2 Cr, driven by a one-time tax credit of ₹36.6 Cr. Revenue also increased by 45.5% YoY to ₹387 Cr, while total expenses rose by 41.5% YoY to ₹323.8 Cr. The startup operates in 22 major urban markets, benefiting from subscription-based cash flows and a growing network of retail stores and fulfilment hubs.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
