Venture Catalysts++ exits part of Rentomojo investment with 3.4x return

Venture Catalysts++, India’s first multi-stage venture capital firm, today announced a partial exit from furniture and appliance rental platform Rentomojo, delivering an approximate 3.4x return on its invested capital.

The secondary transaction provides liquidity for Venture Catalysts while allowing Rentomojo to maintain its growth trajectory alongside long-term investors. This transaction highlights the growing depth of India’s private capital markets, where structured secondary opportunities increasingly allow early-stage investors to realise value without disrupting company momentum.

Venture Catalysts first invested in Rentomojo in 2019, identifying early shifts toward subscription-led consumption among millennials and young professionals in urban India. Since then, Rentomojo has established itself as a category leader, building a scalable subscription model supported by recurring revenue, improving unit economics, and operational discipline across key metropolitan markets.

Apoorva Ranjan Sharma, Founder of Venture Catalysts, commented, “Our 2019 investment in Rentomojo was driven by a strong conviction in access-based consumption. The team has demonstrated consistent execution, building a resilient business with solid fundamentals. This partial exit allows us to deliver meaningful returns to our investors while remaining invested in Rentomojo’s future as they expand their market presence.”

Venture Catalysts will retain a partial stake in Rentomojo, continuing to support the company’s long-term growth and market expansion.