Rentomojo files draft prospectus with Sebi for Rs 1,100-1,200 crore IPO

In the OFS segment of the IPO, early and institutional investors, Accel, Chiratae Ventures, and Edelweiss Financial Services, along with founder and chief executive Geetansh Bamania, will sell their stakes. The furniture and home electronics rental startup, which was valued at Rs 850-900 crore in February 2024, will utilise Rs 70 crore of the primary proceeds for repayment of certain debt and Rs 42.5 crore for lease rental payments for its warehouses and offline experience centres.