{
  "id": 5965158,
  "title": "IPO-bound Rentomojo pins growth on 'hard-to-copy' supply chain moat",
  "url": "https://urgent.news/2026/09/06/ipo-bound-rentomojo-pins-growth-on-hard-to-copy-supply-chain-moat",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-06T11:00:45.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/ipo-bound-rentomojo-pins-growth-on-hard-to-copy-supply-chain-moat/articleshow/133834067.cms"
  },
  "original_language": "en",
  "account": "Rentomojo, an India-based online rental platform, is gearing up for an initial public offering (IPO) and attributes its growth potential to a unique supply chain advantage. The company's founder, Geetansh Bamania, explained that Rentomojo's success stems from a combination of several operationally complex segments like subscriptions, asset ownership, logistics, collections, and refurbishment. These segments, when integrated into one platform, create a formidable moat that is challenging to replicate.\n\nRentomojo boasts around 2.5 lakh active subscribers, which give it a substantial 55% market share by subscriber base. This large subscriber base has resulted in high repeat business (45-50%) and organic traffic (60-70%), among the highest in the industry. While marketing and sales play a role in subscriber growth, the majority of the challenge lies in managing the balance sheet. Each new subscriber requires upfront asset purchases, making capital a significant constraint on growth.\n\nThe company turned profitable during the Covid pandemic, which enabled banks to provide scale credit. However, Rentomojo is not the sole player in the organized rental market. Competitors include Furlenco, Cityfurnish, and GuaRented. While Furlenco turned profitable only in FY25, Rentomojo's net profit surged a whopping 142% to Rs 104.3 crore in FY26 from Rs 43 crore in FY25, aided by a one-time deferred tax credit.",
  "summary": "Rentomojo’s moat lies in its complex rental model, which combines subscriptions, asset ownership, logistics, collections and refurbishment. With 2.5 lakh active subscribers and strong repeat business, the company is scaling ahead of its Rs 1,255.6 crore IPO, backed by improving profitability and access to credit.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}