Rentomojo gets SEBI nod for raising funds through IPO launch. Details here

Furniture rental startup Rentomojo has received SEBI observations for its proposed IPO, clearing the way for its public issue launch. The offering comprises a fresh issue of up to about 150 crore rupees and an offer for sale of up to 2.84 crore equity shares. Proceeds from the fresh issue will be used for debt repayment, lease rentals on warehouses and experience stores, and general corporate purposes, with Motilal Oswal, Axis Capital and IIFL Capital as book-running lead managers.