Furniture and appliances rental startup Rentomojo delivered a robust financial performance in FY25, as revenue climbed 38% year on year and profit surged 92%. Consequently, the company strengthened its profitability while scaling its subscription-led business.
According to media reports, revenue from operations increased to Rs 266 crore in FY25 from Rs 193 crore in FY24. Moreover, the growth benefited from higher subscriber additions, better asset utilization, and stricter cost discipline. During the same period, the company’s net rental revenue posted a compound annual growth rate of 48.24% between FY23 and FY25, underscoring consistent momentum.
Founded in 2014, Rentomojo operates a subscription-based model that enables consumers to rent furniture, appliances, and newer categories such as water purifiers. At present, the company serves more than 2.2 lakh live subscribers, manages over 7.7 lakh rental assets, and operates across 23 cities through 71 experience stores. As a result, it continues to expand its national footprint.
Meanwhile, earnings before interest, tax, depreciation, and amortization rose to Rs 118.41 crore in FY25 from Rs 78.23 crore in FY24. Additionally, return on capital employed reached 25.1% during the year, driven by reinvestments into refurbishment, automation, and capital efficiency initiatives. Furthermore, the company’s circular economy-led operating model, which emphasizes reuse and sustainability, improved asset utilization and strengthened long-term resilience.
Commenting on the performance, founder and CEO Geetansh Bamania credited disciplined execution and a refurbishment-focused strategy. “Rentomojo is a consumer tech company building a subscription-first model that has delivered sustained profitability while solving a major problem for its consumers,” he said.
To date, Rentomojo has raised over Rs 650 crore across multiple funding rounds. Most recently, it secured $25 million in a round led by Edelweiss. In addition, the company counts Accel, Chiratae Ventures, and Bain Capital among its investors, alongside Edelweiss Discovery Fund and ValueQuest S.C.A.L.E. Fund.
