IPO-bound Rentomojo doubles net profit on 37% revenue growth in FY25

Share via:



Furniture and electronics rental startup Rentomojo, which is preparing to go public next year, nearly doubled its net profit to Rs 43 crore in fiscal year 2025 from Rs 22.5 crore a year earlier, according to a press release. The Bengaluru-based company reported Rs 266 crore in operating revenue, a 37% increase from fiscal year 2024.

In September, Rentomojo appointed IIFL and Motilal Oswal as the merchant bankers for its initial public offering (IPO), which it is planning for FY27. The company said it has a base of over 2.2 lakh subscribers and manages…



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.

Popular

More Like this

IPO-bound Rentomojo doubles net profit on 37% revenue growth in FY25



Furniture and electronics rental startup Rentomojo, which is preparing to go public next year, nearly doubled its net profit to Rs 43 crore in fiscal year 2025 from Rs 22.5 crore a year earlier, according to a press release. The Bengaluru-based company reported Rs 266 crore in operating revenue, a 37% increase from fiscal year 2024.

In September, Rentomojo appointed IIFL and Motilal Oswal as the merchant bankers for its initial public offering (IPO), which it is planning for FY27. The company said it has a base of over 2.2 lakh subscribers and manages…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Instagram long-form videos and full control of your feed...

Instagram long-form videos have previously been a possibility...

Kriti Sanon Invests In D2C Supplement Brand Supply6

SUMMARY D2C nutrition brand Supply6 has brought Kriti Sanon...

Sanpal Foundation Brings ‘With Warmth’ Winter Relief to Families...

New Delhi , December 22: As winter tightened...

Popular