Furniture and appliance rental platform Rentomojo reported a 92% surge in net profit to Rs 43.07 crore in FY25, up from Rs 22.49 crore in FY24 and Rs 6.2 crore in FY23, marking its third consecutive year of profitability.
The Bengaluru-based company’s net rental revenue reached Rs 265.96 crore, representing a 48.24% compound annual growth rate between FY23 and FY25, while EBITDA climbed to Rs 118.41 crore from Rs 78.23 crore in FY24. The company reported a return on capital employed of 25.1% in FY25.
Rentmojo’s growth in numbers
The company, which provides furniture and appliances on rent, now serves over 2.2 lakh live subscribers and manages more than 7.7 lakh rental items across 23 cities. It has expanded its offline presence to 71 experience stores.
Geetansh Bamania on company’s performance
“Our performance reflects the strength of our business fundamentals and disciplined execution. With automation, intelligent refurbishment, and seamless service at the heart of our operations, we are shaping the future of flexible living in India,” said Geetansh Bamania, founder and CEO of Rentomojo.
Rentomojo has raised a total of $58.4 million from investors including Accel, Chiratae Growth Fund, Edelweiss Discovery Fund, and ValueQuest SCALE Fund. It recently reportedly appointed bankers for a potential IPO.