🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Vikas Acharya

 • 

Medial • 8m

Furniture rental startup Rentomojo nears Rs 200 crore FY24 operating revenue Furniture and appliance rental platform Rentomojo posted operating revenue of nearly Rs 200 crore in the last fiscal year as the Bengaluru-based company benefited from people returning to workplaces after the pandemic. Rentomojo—the winner of The Economic Times Startup Awards 2024 in the Comeback Kid category—reported a 60% rise in operating revenue to Rs 193 crore in FY24, according to its financial results filed with the Registrar of Companies. Controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23. It posted an earnings before interest, taxes, depreciation and amortisation (Ebitda) of Rs 65 crore during the year. Rentomojo's founder and chief executive Geetansh Bamania told ET that during FY24, the company took steps to enhance the use of automation, resulting in major cost savings.

Reply
3

More like this

Recommendations from Medial

Image Description
Image Description

Mahendra Lochhab

Content creator • 8m

Google India's FY24 revenue surges 26% to Rs 5,921 crore; Net profit at Rs 1,425 crore.

3 Replies
1
11

Applyly

Hey I am on Medial • 6m

Income of Cult.fit Crosses Rs 1,000 Crore in FY24 Fitness technology company Cult.fit has achieved a major point in FY24. The company achieved a total income of over Rs 1,000 crore consistently to depict the growth trend. This major accomplishment i

See More
Reply
1

financialnews

Founder And CEO Of F... • 8m

JSW Steel Q2 Results: 84% YoY Decline in PAT to Rs 439 Crore, Revenue Falls 11% JSW Steel Ltd Q2 Results: Net Profit Drops 84% YoY to Rs 439 Crore; Revenue Falls 11% to Rs 39,684 Crore. One-Time Charge of Rs 342 Crore Impacts Earnings; Operating EBI

See More
Reply
1
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 5m

Adil Qadri's perfume brand, AdilQadri, is currently valued at approximately 200 crores. The brand has experienced substantial revenue growth, increasing from Rs 5.3 crore in the fiscal year 2020-21 to Rs 10 crore in 2021-22, and further rising to R

See More
17 Replies
2
13
Image Description
Image Description

Mahendra Lochhab

Content creator • 7m

Zypp electric's total revenue jumped to INR 302.6 Cr in FY24 from INR 111.5 Cr in the previous fiscal year.

4 Replies
16
Image Description

V

 • 

The NineHertz • 7m

Hike used to be a P2P messaging application but in January 2021 it shut down the product and switched to a different domain by introducing two new platforms Vibe and Rush. Hike’s revenue from operations skyrocketed 7.8X to Rs 150.5 crore during the

See More
2 Replies
3

Shreyas Ramdasi

Mechanical Engineer • 1y

FMCG major Marico shares zoom nearly 10% after Q4 earnings The company’s stock jumped 9.73 per cent to Rs 582.75 on the BSE and zoomed 9.83 per cent to Rs 582.45 apiece on the NSE. Shares of FMCG major Marico Ltd advanced nearly 10 per cent on Tuesda

See More
Reply
2
Image Description
Image Description

Mahendra Lochhab

Content creator • 11m

Oyo reports first ever annual profit of Rs 229 crore in FY24.

3 Replies
13

Download the medial app to read full posts, comements and news.