Furniture rental startup Rentomojo picks bankers for IPO, sources say

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Synopsis

Bengaluru-based furniture rental platform Rentomojo has appointed IIFL and Motilal Oswal as bankers for its planned IPO in FY27. The company is aiming to go public after achieving its fourth consecutive year of profitability in fiscal 2025. Rentomojo estimates a net profit of Rs 40 crore for FY25, a significant increase from Rs 22.1 crore in FY24.

Image for Furniture rental startup Rentomojo picks bankers for IPO, sources sayETtech
Geetansh Bamania, CEO, Rentomojo
Bengaluru-based Rentomojo has picked bankers IIFL and Motilal Oswal for its initial public offering (IPO) next year, according to sources aware of the…



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Furniture rental startup Rentomojo picks bankers for IPO, sources say


Synopsis

Bengaluru-based furniture rental platform Rentomojo has appointed IIFL and Motilal Oswal as bankers for its planned IPO in FY27. The company is aiming to go public after achieving its fourth consecutive year of profitability in fiscal 2025. Rentomojo estimates a net profit of Rs 40 crore for FY25, a significant increase from Rs 22.1 crore in FY24.

Image for Furniture rental startup Rentomojo picks bankers for IPO, sources sayETtech
Geetansh Bamania, CEO, Rentomojo
Bengaluru-based Rentomojo has picked bankers IIFL and Motilal Oswal for its initial public offering (IPO) next year, according to sources aware of the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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