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Economic Times

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Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue

  • Rentomojo, a furniture and electronics rental platform, has reported a 60% rise in operating revenue in FY24 to Rs 193 crore.
  • Rentomojo's controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore from Rs 6 crore in FY23, with an EBITDA of Rs 65 crore.
  • Rentomojo has leveraged automation and disciplined cost management to enable sustainable growth and increased profitability.
  • The company's founder and CEO, Geetansh Bamania, said the company is targeting 40-50% growth in profit in FY25.

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