Rentomojo Eyes IPO as Revenue, Profits Surge

The firm will be the first furniture rental startup in India to pursue an IPO

- Rwit Ghosh

Rentomojo, a Bengaluru-based furniture and appliance rental startup, is preparing for a public listing within the next 18 to 24 months, making it the first company in the space to aim for an initial public offering (IPO) in India, according to its investors.

As part of the pre-IPO push, the company is also looking to raise a fresh funding round and bring onboard independent directors. "My job is moving from that of a CEO towards being a promoter or imagining myself as a promoter of a listed entity," said Geetansh Bamania, founder of Rentomojo. The startup last raised ₹210 crore in February 2024 in its Series D and D1 round, which was led by Edelweiss Discovery Fund Series—I and included participation from Chiratae Ventures and Magnetic Ventures. Other investors include Accel and Bain Capital.