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.
ETtechThe company is targeting its public offering in FY27, one of the persons said, adding that Rentomojo has clocked its fourth consecutive profitable year in fiscal 2025.
It is estimated to have reported a net profit of Rs 40 crore in FY25, up from Rs 22.1 crore in FY24. The company hasn’t yet filed its fiscal 2025 financials with the Registrar of Companies.
Rentomojo won the Comeback Kid award at the ET Startup Awards 2024.
Also Read: ETSA 2024: Comeback Kid winner Rentomojo eyes IPO in next 18 months
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