Venture Catalysts++ partially exits Rentomojo at 3.43x MOIC as IPO faces NCLT challenge
Venture Catalysts++ booked a 3.43x return (20.27% XIRR) via secondary sale in D2C furniture-and-appliance rental platform Rentomojo. The company's FY25 revenue rose 38% to Rs 266 cr with profit up 92%, but co-founder Ajay Nain has moved NCLT to halt the proposed IPO.
What happened
Venture Catalysts++ partially exited D2C furniture and appliance rental platform Rentomojo at 3.43x MOIC via secondary. Rentomojo's FY25 revenue rose 38% to Rs
Key facts
- 3.43x MOIC
- XIRR 20.27%
- Revenue Rs 266 cr FY25
- Revenue Rs 193 cr FY24
- Revenue +38% YoY
- Profit +92% YoY
Why this matters
Rentomojo's IPO uncertainty and shareholder litigation create a window for strategic acquirers in furniture/appliance rental to engage on alternative liquidity structures with remaining cap-table holders.