Accel-Backed Rentomojo Files DRHP For IPO

Furniture and appliance rental startup Rentomojo has filed its DRHP with the SEBI for an IPO. The company’s proposed IPO will comprise a fresh issue of shares worth up to ₹150 Cr and an offer for sale (OFS) of up to 2.84 Cr shares.

While investors like Accel, Chiratae, Edelweiss MF, GMO Venture, among others, plan to offload shares via the OFS, Rentomojo cofounder Geetansh Bamania also intends to sell up to 20.07 Lakh shares via the IPO.

The company will use the proceeds from the fresh issue to expand its offline presence, set up warehouses, repay certain debt, and for general corporate purposes. 

In the six months ended September 30, 2025 (H1 FY26), Rentomojo’s profit after tax stood at ₹61.4 Cr. Its operating revenue for the period was at ₹176.6 Cr.

(The story will be updated soon)

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