The Company derives most of its revenues by renting furniture and appliances (along with other recurring subscription revenue), accounting for 97.90%, 98.20% and 98.19% of revenue from operations for Fiscals 2026, 2025 and 2024, respectively. Any decline in demand for renting such products may adversely affect its business, results of operations, financial condition and cash flows.

The Company depends on vendors and third-party contract manufacturers for the manufacture of furniture and appliances rented to subscribers. Its top five asset suppliers contributed 12.18%, 13.70% and 15.21% to total capital and operational expenses in Fiscals 2026, 2025 and 2024. Any inability to procure products on commercially acceptable terms may adversely affect operations.

The Company's growth is dependent on its ability to grow subscribers utilising its rental platform. The number of subscribers may decline due to competition, dissatisfaction with the platform, unsatisfactory customer service, inadequate order fulfilment, or product/pricing issues, which may adversely affect the business.

The Company had negative retained earnings of ₹(1,217.01) million, ₹(2,263.62) million and ₹(2,694.33) million as of March 31, 2026, 2025 and 2024, respectively, despite reporting profitability, on account of cumulative historical losses. There can be no assurance that it will be able to sustain future earnings sufficient to offset accumulated losses.

A significant portion of revenue is derived from tier-1 cities such as Bengaluru, Mumbai, Hyderabad, among others. Top 10 cities contributed 89.51%, 94.45% and 87.48% of revenue from operations in Fiscals 2026, 2025 and 2024. Demand slowdowns, regulatory changes or heightened local competition may disproportionately affect performance.

Operations involve storage, refurbishment and movement of assets through and within warehouses. Any incident such as fire, natural calamity or operational disruption at these locations, including the June 2026 fire at the Dhoom Manikpur warehouse (Dadri, Noida), could result in asset damage, suspension of operations, increased costs or delays in service delivery.

The Company, its Promoter and certain Directors are involved in certain legal and regulatory proceedings, including a company petition filed by an erstwhile director before the National Company Law Tribunal, Bengaluru Branch. Any adverse decision may have an adverse effect on the business, financial condition and reputation.

The rental agreements and subscription contracts may be subject to premature cancellations by subscribers for reasons including relocation, dissatisfaction, changes in financial circumstances or availability of alternatives. Delays or defaults in payments by subscribers or premature contract cancellations may adversely affect the business.

The Registered Office and Corporate Office are not located on land owned by the Company; it operates on membership rights. Warehouses and experience stores across India as of March 31, 2026 are on a leasehold basis. Inability to renew leasehold or membership rights may adversely affect operations.

The Company has shut five experience stores in the last three Fiscals due to non-performance and has received a stoppage notice from the Municipal Corporation of Delhi (August 3, 2026) for the New Ashok Nagar experience store. Inability to effectively expand and operate the experience store network may adversely impact business, results of operations and cash flows.