India, Sept. 22 -- Amid the ongoing startup IPO boom, furniture rental startup Rentomojo has begun preparations for its public listing. The Accel-backed startup has onboarded IIFL and Motilal Oswal as the book running lead managers for its initial public offering (IPO), sources told Inc42.

The startup is eyeing the public listing by FY27. Notably, Rentomojo is yet to convert into a public entity, the first prerequisite step before going for a listing in India. The Bengaluru-based startup is also yet to file its annual returns for the fiscal year FY25.

However, the sources said that the startup's net profit zoomed 82% to INR 40 Cr in FY25 from INR 22.1 Cr profit in FY24, as per its provisional numbers. Its EBITDA is expected to have jump...