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Accel-backed Rentomojo files for India IPO

ReutersMar 27, 2026 8:06 PM

March 27 (Reuters) - Online furniture rental platform Rentomojo has filed for an initial public offering in Mumbai, according to a draft prospectus dated Friday.

The company is selling new shares worth up to 1.5 billion rupees ($15.85 million), while existing shareholders, including venture capital firm Accel, is selling up to 28.4 million shares, the filing showed.
The filing comes despite a sharp slump in India's equities market amid the Middle East conflict. Temasek-backed Manipal Health filed for a $1.2 billion IPO earlier this week, while Reliance Jio is set to file for what can be India's largest ever IPO.
Rentomojo plans to use IPO proceeds to repay debt, pay rental and license fees for its warehouses and experience stores.
For the year ended March 31 2025, the company posted a 92% jump in profit after tax to 431 million rupees, on a 38% rise in revenue to 2.66 billion rupees.

($1 = 94.6370 Indian rupees)

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