Upcoming IPO: Rentomojo files DRHP with SEBI; aims to raise ₹150 crore via fresh issue

Full-stack D2C online rental and subscription platform Rentomojo has filed Draft Red Herring Prospectus (DRHP) with SEBI (Securities and Exchange Board of India) on March 27, 2026, to raise funds via a fresh issue and offer for sale (OFS). 

Issue Size

As per the DRHP, the proposed issue comprises a fresh issue of ₹150 crore and an offer-for-sale (OFS) of up to 28,399,567 equity shares by existing shareholders, including

Accel India IV (Mauritius) Limited, Edelweiss Discovery Fund - Series I, ValueQuest S.C.A.L.E. Fund, Madison India Opportunities V VCC, Geetansh Bamania, Chiratae Growth Fund - I represented by its trustee Vistra ITCL (India) Limited and acting through its investment manager, Chiratae India Investment Manager LLP; IDG Ventures India Fund III LLC; GMO Payment Gateway Inc.; Chiratae Trust represented by its trustee Vistra ITCL (India) Limited and acting through its investment manager Naigama Investment Manager LLP; and GMO GFF Limited Partnership. 

BRLMs and Registrar

The book-running lead managers for the IPO are Motilal Oswal Investment Advisors Limited, Axis Capital Limited, and IIFL Capital Services Limited. KFin Technologies Limited is the registrar of the issue.

Use of Proceeds

The net proceeds from the fresh issue will be used towards the following objectives:

• Repay/prepay outstanding borrowings 
• General corporate purposes 
• Payment of lease rental/license fee for warehouses and experience stores

About Rentomojo

Rentomojo is a technology-enabled, D2C platform that provides furniture and home appliances on a subscription basis across India. As of March 31, 2025, Rentomojo is the largest online rental and subscription platform for home furniture and appliances (based on live subscribers). 

It operates as a full-stack rental business, managing the entire lifecycle of its assets, from sourcing and design to maintenance, refurbishment, and redeployment. As of September 30, 2025, the company had 227,511 live subscribers spread across 22 cities in India. 

Rentomojo Financials 

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