Sebi Approves Rentomojo IPO for Furniture Rental Startup

The Securities and Exchange Board of India granted approval on July 6, 2026, for the initial public offering of Rentomojo, a Bengaluru-based furniture and home electronics rental startup. The IPO consists of a fresh issue of shares worth Rs 150 crore and an offer for sale of up to 28.4 million equity shares.

Rentomojo plans to use the proceeds from the fresh issue to repay debt, cover general corporate purposes, and pay license fees or lease rentals for its experience stores and warehouses. Major selling shareholders in the offering include Accel, the company's largest shareholder, as well as Chiratae Ventures, Edelweiss Financial Services, and promoter Geetansh Bamania.

The company reported significant financial growth leading up to the filing, with a net profit of Rs 43 crore in FY25. This figure nearly doubles the FY24 profit of Rs 22.4 crore. Motilal Oswal Financial Services is managing the IPO process as the merchant banker.