Rentomojo targets IPO by FY27 as revenues, profits grow

As part of the pre -IPO ambush, the company also wants to raise a new financing tour and established independent executives. “My job is to be a supporter of a CEO or as a supporter of an asset listed, Gene

The start is the end rose LaDirected by the Edelweiss Discovery Fund series in February 2024, the D -series and 210 Crore in the D series and D1 round, which includes the participation of Chirataeee Ventures and Magnetic Ventures. Other investors include Accel and Bain Capital.

Rentomojo for FY25 reported uncontrolled net income La270 CRORE AND EBITDA La95 Crore -from 44% La66 Crore in the previous year. NET Snow increased La40 CRORE La22 Crore in 22 FY24, pointing to a leap of 82 %. The company claims that it is the return of a capital of over 20%with its potential subscription income. LaAs of 31 March 2025, 650 Crore. Rentomojo’s first snowy year was at the FY23 when it was released. La6.2 Crore in profit, as well as business income La121 Crore in this financial year.

On the other hand, Furlenco, the company’s closest competitor, saw that the operating income decreased by 10.4% in 24 financial years. La139.6 Crore, down La155.8 Crore in FY23. According to Intrackr, his losses expanded. La128 FY23 La130 Crore.

“This is more of a milestone. The beginning of a new journey, not the end. I will sell a completely smaller section, Baman Bamania said public offering.

Each of the furniture and devices contributes to 50% of Rentomojo’s income. Bamanya has increased the demand for water treatmentists- a key product for transferable works in the service industry, especially for consumers who play mid-level management roles.

Water cleansers, former players such as Aquaguard, Kent Ro, Urban Company’s domestic brand, such as the increasing competition from newer participants, such as becoming a hotly controversial segment. While others, such as Livpure, offered customers a subscription plan to water cleaners, device manufacturer Ascekberg has recently launched a water purification.

Quality through stores

An interesting flow of income is renewed furniture that constitutes 10% of FY25’s income. “This was the largest taboo in our rental industry, if the sofa comes to you, which shape or form will be taken if the sofa will be taken to you. “It was one of the biggest goals for us to open retail stores to fight with it.”

In order to eliminate quality concerns, the company launched physical stores in India and invested in the “Fygital” retail strategy. He currently runs more than 50 sales points in Bengaluru, including 27 to 29, six at NCR and Pune, Haydarabad and Chandigarh. The 51st store will be opened in Mumbai.

“We took a step to open retail stores with many assumptions, and these goals worked for us, Bamania said.

Rentomojo’s offline pressure is compatible with a wider tendency between D2C initiatives in India. Despite the growth of online retail sales, a Redseer, Accel and Fireside Ventures report, according to the report of India’s 2 trillion -dollar retail market will still be offline. The same study found that multi -channel customers spent 2.5 times more than single -channel consumers.

In 2014, Rentomojo was launched by Bamania and Ajay Nainto to serve new generation urban Indian professionals who often move cities for business. The subscription model of the initiative allows customers to rent the foundations of households without committing ownership – it offers an increasingly relevant thing in India’s concert and service economy.

As the company approaches a public offering, the company increases the focus of operational efficiency, customer confidence and scalable growth – all basic components when moving from the beginning to being listed.