RentoMojo, the Bengaluru-based furniture rental startup, reported a remarkable growth in FY24, with its profit after tax soaring over 3X to INR 22 Cr from INR 6 Cr the previous year.
The company's operating revenue rose by 60% to INR 193 Cr, driven by strong customer demand and improved efficiency through automation. EBITDA also surged 142% to INR 66 Cr. Founder and CEO Geetansh Bamania highlighted that automation has allowed RentoMojo to scale its business efficiently, positioning the company for continued growth in India’s rapidly urbanizing market.