Rentomojo to go public at Rs 4,246 crore valuation; up 5x from last private round

Furniture and home electronics rental startup Rentomojo is expected to go public at a valuation of Rs 4,246 crore, as per the upper end of its Rs 384-404 per share price band announced on Friday. Its post-money IPO valuation is about fivefold higher than the last valuation of Rs 850-900 crore at which it privately raised funds in 2024.

Through its public offering, Rentomojo is raising Rs 150 crore in fresh capital, while investors including Accel, Chiratae Ventures and ValueQuest are selling shares worth Rs 1,106 crore.

At the upper end of the price band, Accel is set to clock returns of 8.2-times, while Chiratae will see paper gains of around five times on its investment. Both the investors had backed Rentomojo at its seed stage.


The Bengaluru-based company, which underwent severe business challenges during the Covid19 pandemic, won the Comeback Kid prize at the ET Startup Awards 2024.