RentoMojo
RentoMojo rents furniture, appliances, and gadgets to households in Indian cities on monthly rental plans rather than outright purchase.
- Public
RentoMojo rents furniture, appliances, and gadgets to households in Indian cities on monthly rental plans rather than outright purchase.
Rentomojo’s shares debut on the National Stock Exchange (NSE) at a 19% premium over the issue price of ₹404, trading at ₹86 above the grey market rate. The company’s IPO received a massive 72.88x subscription, reflecting strong investor demand. Grey market premiums, however, remain speculative and do not guarantee the final listing price.
Sep 2026CNBCTV18News article
Rentomojo secures full subscription for its $133 million IPO on the first day of bidding. The furniture rental company raised Rs 12.56 billion through its initial public offering, attracting strong investor demand immediately. The offering highlights growing interest in the rental and shared-economy models for home furnishings.
Sep 2026VCCircleNews article
Rentomojo expands its appliance and furniture rental services in Pune, Chennai, Ahmedabad, and Kolkata amid rising demand. High furnishing costs—ranging from ₹2 lakh to ₹5 lakh—are prompting customers to opt for monthly rental plans starting at ₹1,997. The platform targets urban households seeking flexible, affordable home setup solutions without long-term ownership commitments.
Aug 2026GlobeNewswireNews article
Rentomojo rebrands from Edunetwork Private Limited as it prepares for its initial public offering (IPO). The company, founded in 2014 amid a wave of furniture rental startups, remains operational while many competitors have shut down or been acquired. Its largest rival, Furlenco, was acquired by Sheela Foam in July 2023, a move that consolidated the furniture rental market.
Oct 2025The Economic TimesNews article