Trilegal advised a group of selling shareholders on Rentomojo’s proposed IPO, a major step for the rental platform. The offering includes a fresh issue of equity shares up to INR 1,500 million and an offer for sale of 28,399,567 shares.
Trilegal acted as legal advisor to a group of selling shareholders in the proposed initial public offering (IPO) of Rentomojo, a leading online rental and subscription platform in India.
The IPO includes a fresh issue of equity shares worth up to INR 1,500 million, along with an offer for sale of up to 28,399,567 equity shares.
The selling shareholders advised by Trilegal include Accel India IV (Mauritius), Edelweiss Discovery Fund Series I, ValueQuest S.C.A.L.E. Fund, Madison India Opportunities V VCC, Chiratae Growth Fund – I, IDG Ventures India Fund III LLC, GMO Payment Gateway Inc, Chiratae Trust, GMO GFF Limited Partnership, along with eight other investors.
Rentomojo is known for operating a technology-enabled, full-stack, direct-to-consumer rental and subscription platform offering furniture and home appliances across India.
Trilegal’s Capital Markets team advising on this transaction was led by Partners Vijay Parthasarathi and Vinay Sirohia.
They were supported by Senior Associate Harshvardhan Lahiri, and Associates Kohsheen Saraf, Esha Alex, Jahnavi Jayasimha Rao, and Vansh Dhoka.
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