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RentoMojo reports strong growth in FY24
RentoMojo, the Bengaluru-based online furniture rental startup, is nearing the ₹200-crore mark in operating revenue for FY24, achieving a 60% year-on-year increase to ₹193 crore. The company posted a profit after tax of ₹22 crore, more than tripling from ₹6 crore in the previous year.
RentMojo’s EBITDA surged 142% year-on-year to ₹66 crore, driven by increased automation and operational efficiency. The company’s flexible subscription models and bundled services, including free location and repair, have also strengthened its competitive edge in the market.
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