Rentomojo’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Edunetwork Private Limited | CIN: U72200KA2012PTC063551
RentoMojo, founded in 2014, is a pioneering rental solutions platform based in Bengaluru, India. Founded by Geetansh Bamania and Ajay N, RentoMojo offers furniture, appliances, and electronics on a subscription basis, catering to urban millennials seeking flexibility and affordability. By focusing on asset-light models and hassle-free ownership experiences, the company is reshaping the rental market in India.
| Founded | 2014 |
|---|---|
| Headquarters | Bengaluru, India |
| Sector | Consumer Rentals & Retail |
| Revenue FY23 | $21.5 million |
| Profit/Loss FY23 | -$5 million |
| Employees (approx.) | 400 |
| Round | Date | Amount (USD) | Valuation (USD) | Investors |
|---|---|---|---|---|
| Series D | Apr 18, 2024 | $12.4M | — | Accel Partners, Bain Capital Ventures |
| Series C | Jul 29, 2019 | $10M | — | Accel Partners, Chiratae Ventures |
| Series C | Jun 15, 2023 | $33M | — | Bain Capital Ventures, Accel Partners |
| Series B | Jun 20, 2017 | $10M | — | IDG Ventures India, Accel Partners |
| Series A | Oct 10, 2015 | $2M | — | IDG Ventures India |
RentoMojo has demonstrated steady revenue growth, expanding from $15 million in FY22 to an anticipated $28 million in FY24. Although the company remains in losses due to operational scale-up and financing costs, these deficits have steadily reduced, indicating stronger business fundamentals.
RentoMojo's expenses have increased as it scales operations and enhances customer services. However, continued efforts in operational optimization and better asset utilization are expected to improve margins and strengthen its financial trajectory in the coming years.
RentoMojo’s workforce has grown from 350 employees in FY22 to a projected 450 in FY24. This expansion underscores its commitment to expanding operational capabilities and improving customer experience across India’s urban centers.
| Metric | Detail |
|---|---|
| Revenue FY23 | $21.5 million |
| Profit/Loss FY23 | -$5 million |
| Funding Raised | $58 million total |
| Employees | 400+ and growing |
RentoMojo’s continuous growth, strong investor support, and increasing operational scale indicate a solid foundation for long-term success. As it moves towards profitability, the company is poised to strengthen its leadership in the rental solutions market in India.
RentoMojo is redefining access to home essentials for modern urban consumers through flexible and affordable subscription models. Backed by robust growth and investor confidence, the company is strategically positioned for future expansion and profitability. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
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