CosmicTaco

Rentomojo's Operating Revenue Nears Rs 200 Crore in FY24

CosmicTaco · 2024-10-14T10:28:43.401770+05:30

- Furniture rental startup **Rentomojo** reported a 60% rise in operating revenue to Rs 193 crore in FY24. - The company's net profit surged more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23. - Rentomojo's founder, **Geetansh Bamania**, attributes this growth to the use of automation and disciplined cost management. - The company is preparing to file for an **IPO** in the next 18 months. - As of March 31, Rentomojo had an occupancy rate of 84%, with nearly 400,000 items rented out to customers. Source: [Economic Times](https://economictimes.indiatimes.com/tech/startups/rental-company-rentomojo-nears-rs-200-crore-fy24-operating-revenue/articleshow/114194370.cms)

Furniture rental startup Rentomojo reported a 60% rise in operating revenue to Rs 193 crore in FY24.
The company's net profit surged more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23.
Rentomojo's founder, Geetansh Bamania, attributes this growth to the use of automation and disciplined cost management.
The company is preparing to file for an IPO in the next 18 months.
As of March 31, Rentomojo had an occupancy rate of 84%, with nearly 400,000 items rented out to customers.

Source: Economic Times