About The Company
We, RentoMojo, were founded by IITM alums and serial entrepreneurs who worked out of almost every major city in India in his first five years of corporate careers. Frustrated with the hassles of relocating from one place to the other, and tired of finding that perfect cluster of home essentials that suited their lifestyle.
"The spending youth, especially the millennials & Gen Z's prefer staying light, desire flexibility and are value-conscious. Willing to experiment with new stuff across categories that make life simpler and not boring, these generations are also sensitive to our planet's sustainability. Our customers and employees identify with what we do '', is what Geetansh Bamania, our Founder and CEO has to say.
RentoMojo caters to the needs of working professionals which is unmet due to the nonavailability of furnished rental flats by offering furniture and appliances on a rental basis, thus, providing more flexibility than owning the expensive furniture and appliances.
Currently, we have 130,000+ subscribers with a typical rental period of 1214 months.
The current market size (as per a recent report by Grant Thornton) is estimated to be US$ 4.1 Billion and expected to grow to US$ 13 Billion by 2025.
With 1000+ people operations, the company has a presence in 16 cities across India. Looking back, Rentomojo has not only made a current market of leases which never existed for the consumer, they have also become market leaders in the consumer rental industry. Unlike the norm, they are now seeing a reverse trend wherein a version of ours is being copied in the US and UK. We are also profitable at monthly PAT since Oct 2021.
Five Pillars Of Our Culture
Zoom InZoom Out :
- We zoom in and go micro; our focus would be doing better in everything, including things we already do well.
- We zoom out a lot for creating successful pilots that can potentially scale into a lot of value add in the future, like strengthening our offline presence.