Furniture and appliance rental startup RentoMojo has made a significant move by converting from a private limited company to a public limited company, signaling its readiness for a potential initial public offering (IPO) in the near future. This transition, as reported by Inc42 Media, follows the company’s previous name change from Edunetwork Private Limited to Rentomojo Private Limited in September 2025.
According to the company’s filings, the decision to alter its entity name to “Rentomojo Limited” was approved by the board on January 13, reflecting a strategic shift in its corporate identity. This adjustment aims to align the company’s branding with its consumer-facing image, a crucial step as it prepares for the next phase of growth and potential public listing.
RentoMojo’s transition comes amidst positive financial indicators, with a notable 82% surge in net profit to ₹40 Cr in FY25 and a 38% rise in operating revenue to ₹266 Cr. The company’s IPO plans have attracted the expertise of IIFL Capital and Motilal Oswal Investment Banking as lead bankers, highlighting the market’s anticipation for its public offering.
Having secured over ₹650 Cr in funding from prominent investors like Accel, Chiratae Ventures, Bain Capital, and Edelweiss, RentoMojo faces competition from players such as Furlenco, Rentickle, and Cityfurnish in India’s direct-to-consumer furniture rental sector.
Source: Inc42 Media