RentoMojo Files RHP for IPO, Trims OFS Component

3 Sept 2026, 10:32 pm · 9d ago · 1 min read · Inc42

Amount

₹150 Cr

Stage

IPO

Bengaluru-based furniture and appliance rental platform RentoMojo has filed its Red Herring Prospectus with the Securities and Exchange Board of India for its initial public offering. The company plans to raise ₹150 crore through a fresh issue of shares, while trimming its Offer for Sale component to 2.7 crore shares from 2.84 crore shares. Early backers including Accel, Chiratae Ventures, Edelweiss Mutual Fund, and GMO Venture will offload stakes alongside cofounder Geetansh Bamania. The IPO opens for subscription from September 9 to September 11, with proceeds aimed at offline expansion, new warehouses, and debt repayment.