Rentomojo profit jumps 92% in FY25; Revenue hits Rs 266 crore

Furniture and appliances rental startup Rentomojo reported a strong financial performance in FY25, with revenue rising 38% year on year and profit increasing 92%.

Revenue from operations grew to Rs 266 crore in FY25 from Rs 193 crore in FY24, according to media reports. The growth was supported by higher subscriber additions, improved asset utilisation and tighter cost controls. The company's net rental revenue recorded a compound annual growth rate of 48.24% between FY23 and FY25.

Founded in 2014, Rentomojo operates a subscription-led model that allows consumers to rent furniture, appliances and newer categories such as water purifiers. The company currently serves more than 2.2 lakh live subscribers, manages over 7.7 lakh rental assets and operates across 23 cities through 71 experience stores.

Earnings before interest, 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% during the year, driven by reinvestment into refurbishment, automation and capital efficiency initiatives. The company's circular economy-led operating model, focused on reuse and sustainability, has helped improve asset utilisation and long-term resilience.

Founder and CEO Geetansh Bamania attributed the improved performance to disciplined execution and a refurbishment-led approach. “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.

Rentomojo has raised over Rs 650 crore across multiple funding rounds, including its latest $25 million round led by Edelweiss. Its investors include Accel, Chiratae Ventures and Bain Capital, along with Edelweiss Discovery Fund and ValueQuest S.C.A.L.E. Fund.