Venture Catalysts Partially Exits Rentomojo, Achieving 3.4x Return

Venture Catalysts, a multi-stage VC firm, has made a significant partial exit from the direct-to-consumer (D2C) rental and subscription platform Rentomojo, resulting in an approximate 3.4x return on its invested capital. The firm originally invested in Rentomojo in May 2019 and completed this partial exit in January 2026, yielding a 3.43x multiple on invested capital along with an XIRR of 20.27%. This secondary transaction not only provided liquidity to Venture Catalysts but also attracted new investors.

Growth and Market Expansion of Rentomojo

Since the initial investment, Rentomojo has successfully broadened its reach across major metropolitan areas, reinforcing its standing in the furniture and appliance rental market. The recent partial exit signifies a vital liquidity phase for Venture Catalysts, which plans to continue its investment and aid Rentomojo’s ongoing development.

Legal Challenges Ahead of IPO

However, Rentomojo is facing a legal hurdle as its former director and co-founder, Ajay Nain, has approached the National Company Law Tribunal to pause the upcoming IPO. Despite this, the startup has showcased robust financial growth, reporting a 38% year-on-year increase in revenue for FY25, with profits soaring by 92% within the same timeframe. The revenue from operations rose to Rs 266 crore in FY25, up from Rs 193 crore in FY24.