Rentomojo Ltd. IPO

Home furniture such as bed, mattresses, study table, chair, sofa, wardrobe, dining-set set, centre table, side tables, shoe racks, bar-units among others and appliances such as washing machine, refrigerator, water purifier, microwave, air conditioner, television and other large appliances form ... the core of household setup for urban consumers. India’s home furniture and appliances (furniture includes bed, mattress, sofa, wardrobe, dining set, study table and chair, and appliances include washing machine, refrigerator, water purifier, microwave, air conditioner ("AC"), water heaters, vacuum cleaner, air purifier, dishwasher, food preparation appliances, heating appliances, irons, and small domestic appliances such as air fryers, mixer grinders, gas stoves, induction cooktops, other small kitchen appliances) is a large market at a value of approximately ?4,270 billion (approximately U.S.$50 billion) in CY2025 growing at approximately 10% CAGR from CY2021 to CY2025 on the back of growing middle class, rising urbanization, and improved infrastructure in Tier 2+ cities. Moreover, as the number of nuclear households are expected to grow by approximately 50 million from approximately 220 million in 2025 to approximately 270 million in 2030P, demand for furniture and appliances would proportionately increase. The home furniture and appliance category is highly underpenetrated in India (in terms of household (HH) penetration (penetration for a category is measured as a percentage of total households at a specified number of units per household, providing an indication of market potential) compared to US and China) as of CY2025 but that is changing. The penetration is steadily advancing toward global benchmarks, as household formation accelerates and first-time users expand beyond metros. Read more