By admin 
Following strong momentum in the previous year, furniture and appliances rental startup Rentomojo reported a 38% year-on-year increase in revenue in FY25, while its profit surged 92% during the same period. Rentomojo’s revenue from operations rose to Rs 266 crore in FY25, compared to Rs 193 crore in FY24, according to a company statement released on Monday.
The company said its net rental revenue grew at a 48.24% CAGR between FY23 and FY25, while EBITDA increased to Rs 118.41 crore in FY25 from Rs 78.23 crore in FY24, reflecting improved operating leverage.
Founder and CEO Geetansh Bamania attributed the improved performance to disciplined execution, automation, and a refurbishment-led operating model. “Rentomojo is a consumer tech company building a subscription-first model that has delivered sustained profitability while solving a major problem for its consumers,” he said.
According to the company, its return on capital employed (ROCE) stood at 25.1% in FY25, driven by reinvestment into refurbishment, automation, and capital efficiency. Rentomojo added that its circular economy-led approach, focused on reuse and sustainability, has helped improve asset utilisation and long-term resilience. Rentomojo has raised over Rs 650 crore across multiple funding rounds, including its latest $25 million round led by Edelweiss. Notable investors include Accel, Chiratae Ventures, Bain Capital, along with Edelweiss Discovery Fund and ValueQuest S.C.A.L.E. Fund. The company is also supported by banks and NBFCs. The startup competes with players such as Furlenco, Rentickle, Cityfurnish, and to some extent, Pepperfry. According to media reports, the firm is also preparing for an initial public offering (IPO).
About Rentomojo
Rentomojo has been founded in 2014 by Geetansh Bamania, an IIT Madras alumnus and serial entrepreneur, along with co-founders like Ajay Nain, who helped launch the furniture and home appliance rental platform in Bangalore in 2014 to cater to India’s mobile population, building a significant rental ecosystem despite earlier venture failures, with Bamania serving as the current CEO. Rentomojo operates at the intersection of consumer tech and lifestyle, offering furniture, appliances, and newer categories such as water purifiers on a rental basis. The company currently serves over 2.2 lakh live subscribers, manages more than 7.7 lakh rental items, and operates across 23 cities through 71 experience stores.