RentoMojo Set for Public Listing, Rebrands from Edunetwork
RentoMojo, a leading furniture and appliance rental service, is set to rebrand and prepare for a public listing. The company, founded in 2014, operates 65 physical stores across 22 cities in India, serving over 2.2 lakh active subscribers with a fleet of 7.5 lakh items.
The decision to rename the entity from Edunetwork Private Limited to Rentomojo Private Limited aligns the corporate identity with the consumer-facing brand. This move comes ahead of RentoMojo's next growth phase, which includes a targeted public listing in FY27.
In FY25, RentoMojo reported an impressive 82% increase in net profit, reaching INR 40 crore. The company has raised approximately INR 400 crore from investors such as Accel, Chiratae Ventures, and Bain Capital. To facilitate its IPO plans, RentoMojo has appointed IIFL and Motilal Oswal as investment bankers.
RentoMojo's rebranding and preparation for a public listing reflect the company's growth and confidence in its business model. With a strong subscriber base and a significant increase in profits, RentoMojo looks set to continue its expansion in the Indian market.