RentoMojo's FY26 Profit Soars 142% to ₹104 Crore
Furniture rental startup RentoMojo reported a 142% surge in profit to ₹104.2 Cr for FY26, driven by a 46% revenue jump and a one-time tax benefit, as it
IPO-bound furniture and appliance rental startup RentoMojo saw its profit after tax surge nearly 142% to ₹104.2 crore in the fiscal year 2025-26 (FY26), up from ₹43.1 crore the previous year. According to its red herring prospectus filed with SEBI, this bottom-line growth was powered by a sharp rise in revenue and a one-time tax credit of ₹36.6 crore.
Operating revenue zoomed 45.5% to ₹387 crore for the year ended March 2026, compared to ₹266 crore in FY25. Including other income of ₹7.1 crore, the startup's total income reached ₹394 crore. The company's EBITDA rose 38% to ₹163.5 crore, though its EBITDA margin declined slightly to 41.5% from 43.6% a year earlier.
Operational Scale and Metrics
On the operational front, RentoMojo claims to operate 20 warehouses and 82 offline stores across 29 cities. The company reported having a portfolio of 8.5 lakh products across furniture and appliances at the end of March 2026, catering to 2.5 lakh active users during the fiscal year.
The platform also noted significant growth in order volume. Gross items ordered stood at 9.89 lakh in FY26, a 42.5% increase from 6.9 lakh in the prior year. Product occupancy rate improved marginally to 83.3% from 82.8% in FY25.
Breakdown of Expenses
Total expenses for the startup increased by 41.5% to ₹323.9 crore in FY26, up from ₹228.9 crore. The company ramped up spending across several key areas to fuel its expansion.
| Expense Category | FY26 Amount (₹ Cr) | FY25 Amount (₹ Cr) | Growth |
|---|---|---|---|
| Employee Benefits | 60.8 | 41.4 | 46.7% |
| Contractual Manpower | 24.6 | 54.2% | |
| Logistics | 19.3 | 44.7% | |
| Performance Marketing | 20.9 | 11.2 | 86.3% |
Employee benefits expenses, covering salaries and other benefits, saw the largest absolute increase. Performance marketing spend grew the fastest, nearly doubling year-on-year.
IPO Plans and Backers
The financial disclosures were made as part of the company's draft prospectus for an initial public offering. The IPO will comprise a fresh issue of shares worth ₹150 crore and an offer for sale (OFS) of 2.7 crore shares.
Cofounder Geetansh Bamania and early backers, including Accel, Chiratae Ventures, Edelweiss Mutual Fund, and GMO Venture, plan to offload shares via the OFS. Founded in 2014 by Bamania and Ajay Nain, RentoMojo is backed by Accel, Chiratae Ventures, and Bain Capital, having raised over $45 million to date.
If the listing proceeds, RentoMojo will become the first listed furniture rental startup in India.
