RentoMojo Enters Next Phase of IPO Journey With Public Company Status

RentoMojo, a furniture and appliance rental startup, has taken another key corporate step as it prepares for its next phase of growth, as per Inc42 report.  

The company has now converted into a public limited company, a move that often draws attention when a business is looking to enter the capital market. 

RentoMojo Becomes Public Limited 

According to report by Inc42, the board passed a resolution on January 13 to change the company’s name from Rentomojo Private Limited to Rentomojo Limited.  

With this, the word “Private” has been removed from its legal name, marking its transition to a public limited company. 

Corporate Identity Aligned with Brand 

This is the second entity name change by the startup in recent months. In September 2025, the parent entity’s name was changed from Edunetwork Private Limited to Rentomojo Private Limited.  

At the time, the company said the move was aimed at aligning its corporate identity with its consumer facing brand as it entered its next stage of growth. 

IPO Plans and Financial Growth 

The latest change comes as RentoMojo is reportedly preparing for a potential IPO later this year. Earlier reports said the startup had appointed IIFL Capital and Motilal Oswal Investment Banking as bankers for the proposed public issue. 

The timing also reflects improving financial performance. In FY25, RentoMojo’s net profit rose 82% to ₹40 crore from ₹22 crore a year earlier. Its operating revenue also increased 38% to ₹266 crore from ₹193 crore in FY24. 

Investor Backing Remains Strong 

So far, RentoMojo has raised more than ₹650 crore from investors such as Accel, Chiratae Ventures, Bain Capital and Edelweiss. 

Read More: Estée Lauder Moves to Fully Acquire Luxury Ayurveda Brand Forest Essentials! 

Conclusion  

In all, the public limited conversion signals an important corporate milestone for RentoMojo as it moves closer to the next chapter in its growth journey. 

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