Furnishings and home equipment rental startup Rentomojo reported a robust monetary efficiency in FY25, with income rising 38% 12 months on 12 months and revenue growing 92%.
Income from operations grew to Rs 266 crore in FY25 from Rs 193 crore in FY24, in keeping with media reviews. The expansion was supported by larger subscriber additions, improved asset utilisation and tighter value controls. The corporate’s web rental income recorded a compound annual progress fee of 48.24% between FY23 and FY25.
Based in 2014, Rentomojo operates a subscription-led mannequin that permits shoppers to lease furnishings, home equipment and newer classes corresponding to water purifiers. The corporate presently serves greater than 2.2 lakh reside subscribers, manages over 7.7 lakh rental belongings and operates throughout 23 cities via 71 expertise shops.
Earnings earlier than curiosity, tax, depreciation and amortisation rose to Rs 118.41 crore in FY25 from Rs 78.23 crore in FY24. Return on capital employed stood at 25.1% through the 12 months, pushed by reinvestment into refurbishment, automation and capital effectivity initiatives. The corporate’s round economy-led working mannequin, centered on reuse and sustainability, has helped enhance asset utilisation and long-term resilience.
Founder and CEO Geetansh Bamania attributed the improved efficiency to disciplined execution and a refurbishment-led method. “Rentomojo is a shopper tech firm constructing a subscription-first mannequin that has delivered sustained profitability whereas fixing a serious drawback for its shoppers,” he mentioned.
Rentomojo has raised over Rs 650 crore throughout a number of funding rounds, together with its newest $25 million spherical led by Edelweiss. Its traders embody Accel, Chiratae Ventures and Bain Capital, together with Edelweiss Discovery Fund and ValueQuest S.C.A.L.E. Fund.