Rentomojo Files IPO Papers: Accel, Chiratae Among Investors to Pare Stake

• Furniture and appliance rental platform Rentomojo has filed its draft red herring prospectus (DRHP) with SEBI for an IPO.
• The IPO includes a fresh issue of shares worth up to ₹150 crore and an offer for sale (OFS) of up to 2.83 crore equity shares by existing investors.
• Early backers like Accel, Chiratae Ventures, and Edelweiss Discovery Fund will partially exit, providing liquidity.
• Founded in 2014, Rentomojo is the largest player in the organized online rental segment with 42-47% market share in FY25.
• The company reported revenue of ₹265.96 crore and profit after tax of ₹43.11 crore in FY25, showing improved profitability.