Furniture and appliance rental startup Rentomojo is set to launch its initial public offering (IPO) on September 9, targeting a valuation of Rs 4,246 crore through a fundraising exercise worth Rs 1,256 crore.

The offering comprises two components: a fresh issue of shares worth Rs 150 crore, which will bring new capital into the company, and an offer for sale (OFS) through which existing investors will divest shares valued at Rs 1,106 crore.

Rentomojo, operated by RentoMojo owner Edunoori Trendpulse Pvt Ltd, is a Bengaluru-based rental platform that allows consumers to rent furniture, appliances, and electronics on a monthly subscription basis. The startup was founded in 2014 and is backed by investors including Accel, with participation from other venture capital firms across earlier funding rounds.

The company heads into the public markets on the back of strong financial performance. Rentomojo reported a 142% jump in net profit for the fiscal year 2026, with profit rising to Rs 104.3 crore, according to the company's FY26 earnings.

The listing plans place Rentomojo among a broader wave of Indian consumer-technology startups pursuing public offerings, a cohort that has expanded steadily since a string of tech IPOs began reshaping the country's public markets in 2021. The subscription-based rental model Rentomojo operates in — serving consumers who prefer paying monthly for furniture and appliances rather than buying outright — has also gained traction among India's urban, mobile workforce. Whether the company's profitability trajectory continues under public-market disclosure requirements will be visible in its forthcoming red herring prospectus, where detailed financials and risk factors must be laid out for investors.

The IPO opens for subscription on September 9. Further details on the price band and lot size are expected to be announced ahead of the launch.

Source: Economic Times