RentoMojo’s operating revenue zoomed 45.5% to ₹387 Cr in the fiscal year ended March 2026 as against ₹266 in FY25
Ahead of the IPO, RentoMojo showed strong revenue and profit growth in FY26, driven by scale and a one-time tax benefit. It is also ramping up spending to fuel further expansion
The IPO-bound furniture and appliance rental platform’s total expenses stood at ₹323.9 Cr in FY26, up 41.5% from ₹228.9 Cr in the previous fiscal year
IPO-bound furniture and appliance rental startup RentoMojo’s restated profit after tax (PAT) surged nearly 142% ₹104.2 Cr in the fiscal year 2025-26 (FY26) compared to ₹43.1 Cr in the year ago fiscal.
The bottom line surge came on the back of a healthy jump in top line and a one-time tax credit of ₹36.6 Cr during the fiscal under review.
Meanwhile, operating revenue zoomed 45.5% to ₹387 Cr in the fiscal year ended March 2026 as against ₹266 in FY25. Including other income of ₹7.1 Cr, the startup’s total income stood at ₹394 Cr in FY26.
The startup’s EBITDA rose 38% to ₹163.5 Cr in FY26 from ₹118.4 Cr in the previous fiscal, while the EBITDA margin declined to 41.5% from 43.6% in FY25.
Founded in 2014 by Geetansh Bamania and Ajay Nain, RentoMojo operates a platform for subscription-based rental of furniture, appliances and home essentials. Backed by Accel, Chiratae Ventures and Bain Capital, the startup has raised over $45 Mn in funding to date.
On the operational front, RentoMojo claims to operate 20 warehouses and 82 offline stores across 29 cities. It had a portfolio of 8.5 Lakh products across furniture and appliances at the end of March 2026 and catered to 2.5 Lakh active users in FY26.
RentoMojo also noted that “gross items ordered” on its platform stood at 9.89 Lakh in FY26, up 42.5% from 6.9 Lakh in the year ago period. Meanwhile, product occupancy rate improved to 83.3% from 82.8% in FY25.
The disclosures came as the platform filed its red herring prospectus with market regulator SEBI for an IPO, which will comprise a fresh issue of shares worth ₹150 Cr and an offer for sale (OFS) component of 2.7 Cr shares.
RentoMojo cofounder Bamania and early backers, including Accel, Chiratae Ventures, Edelweiss Mutual Fund and GMO Venture, plan to offload shares via the OFS. If the listing materialises, RentoMojo will become the first listed Indian furniture rental startup in the country.
Where Did RentoMojo Spend In FY26?
RentoMojo’s total expenses stood at ₹323.9 Cr in FY26, up 41.5% from ₹228.9 Cr in the previous fiscal year.
Employee Benefits Expenses: The rental platform spent ₹60.8 Cr towards salaries, wages, bonuses, gratuity, provident fund contributions and other employee benefit expenses in FY26. This was 46.7% higher than ₹41.4 Cr spent by the startup under this bucket in FY25.
Contractual Manpower Expenses: Expenditure under this bucket rose 54.2% to ₹38 Cr in the fiscal under review as against ₹24.6 Cr in FY25.
Logistics Expense: The startup spent nearly ₹28 Cr on logistics in FY26, up 44.7% from ₹19.3 Cr in the year ago period.
Performance Marketing: Expenses under this line item zoomed 86.3% to ₹20.9 Cr in the fiscal under review as against ₹11.2 Cr in FY25.