Bengaluru-based furniture and appliances rental startup Rentomojo has got approval from its board to change its registered name. The company will rename Edunetwork Private Limited to Rentomojo Private Limited.
This change comes as the company prepares for its initial public offering (IPO), according to filings with the Registrar of Companies (RoC).
Following the board meeting, Rentomojo has applied to the Ministry of Corporate Affairs for approval to change its name.
“The proposed name change is aimed at aligning the company’s identity with its current line of business,” the company stated in the RoC filing, adding, “The existing name may give the misleading impression that the company is engaged in the edtech sector, which does not accurately represent its operations.”
The name change is happening as RentoMojo gets ready for its IPO. The company has hired IIFL and Motilal Oswal as investment bankers and plans to go public in FY27.
Founded in 2014 by Bamania and Ajay Nain, RentoMojo rents furniture, consumer appliances, and home furnishing products through its app and website.
The startup claims over 2.2 lakh active subscribers and has delivered more than 7.5 lakh items to customers. Operating for 10 years, it runs 65 physical stores across 22 cities in India.
On the financial side, RentoMojo became profitable in FY23 and has continued to grow its profits.
In FY25, the company reported a net profit of ₹40 crore, up 82% from ₹22 crore the previous year. Its operating revenue also grew 40%, reaching ₹270 crore from ₹193 crore in FY24.
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