Rentomojo Reports Strong Growth in FY25
Following an impressive performance in the previous year, Rentomojo, a leading startup in furniture and appliances rental, announced a remarkable 38% year-on-year increase in revenue for FY25. Simultaneously, the company’s profits soared by 92% in the same timeframe. According to a statement from the company, operational revenue escalated to Rs 266 crore in FY25, compared to Rs 193 crore in FY24.
Established in 2014, Rentomojo operates at the crossroads of consumer technology and lifestyle. It offers a variety of products, including furniture, appliances, and more recently, water purifiers, all on a rental basis. Presently, Rentomojo caters to over 2.2 lakh active subscribers and manages more than 7.7 lakh rental items across 23 cities through 71 experience stores.
The company’s net rental revenue exhibited a compound annual growth rate (CAGR) of 48.24% between FY23 and FY25. Furthermore, Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose to Rs 118.41 crore in FY25 from Rs 78.23 crore in FY24, demonstrating enhanced operational efficiency.
According to Geetansh Bamania, the Founder and CEO, the elevated performance can be credited to rigorous execution, automation, and a refurbishment-focused operating model. He mentioned that Rentomojo is positioned as a consumer tech entity, creating a subscription-based model that has achieved sustained profitability while addressing significant consumer challenges.
The company reported a return on capital employed (ROCE) of 25.1% in FY25, bolstered by reinvestment in refurbishment, automation, and capital usage efficiency. Rentomojo highlighted that its circular economy framework—prioritising reuse and sustainability—has significantly improved asset utilisation and long-term stability.
Rentomojo has successfully secured over Rs 650 crore through various funding rounds, the latest being a $25 million investment led by Edelweiss. Key investors include Accel, Chiratae Ventures, Bain Capital, along with the Edelweiss Discovery Fund and ValueQuest S.C.A.L.E. Fund. The startup also enjoys support from both banks and non-banking financial companies (NBFCs).
In the competitive landscape, Rentomojo faces rivals such as Furlenco, Rentickle, and Cityfurnish, along with some competition from Pepperfry. Media reports suggest that the company is also gearing up for an initial public offering (IPO).