Venture Catalysts++ books 3.4x partial exit from Rentomojo as IPO faces NCLT challenge
VC firm Venture Catalysts++ partially exited furniture and appliance rental platform Rentomojo via secondary, clocking 3.43x MOIC and 20.27% XIRR. Rentomojo's FY25 revenue grew 38% YoY to Rs 266 crore with profit up 92%, though co-founder Ajay Nain has petitioned NCLT to block the planned IPO.
What happened
Venture Catalysts++ partially exited D2C furniture and appliance rental platform Rentomojo at a 3.43x return via secondary transaction. Rentomojo's FY25 revenue
Key facts
- 3.43x MOIC
- 20.27% XIRR
- Rs 266 crore FY25 revenue
- Rs 193 crore FY24 revenue
- 38% YoY revenue growth
- 92% profit growth
Why this matters
Rentomojo's NCLT-contested IPO and active secondary market signal a window for strategic acquirers to engage while pre-IPO governance issues depress valuation leverage.