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Rent Kar
Rent Kar
Team Strength
Rentkar was founded by Mudit Golecha and Aditya Kudale both are alumni’s of
SVKMS’s Narsee Monjee Institute of Management Studies. Aditya Kudale is an
experienced executive with a demonstrated history of working for development and
growth of rental. He’s focused on creating an open market place for sharing and
renting every possible thing. Till now Rentkar has 15+ employees and Interns from
different backgrounds.
Market Size
Global revenues of renting businesses have been forecasted to increase from US$15
billion in 2019 to US$ 335 billion by 2025 according to Price Water Cooper. In India
just the market of rental of furniture is seen at around $800-$850 million. Rentals of
electronic appliances are a $500 million market and bike $300 million, which adds up
to cumulative $1.5 billion market. Most of the rental businesses in India are still in
unorganized sector.This provides great opportunities for startups.
PS4/PS5
Guitar PC
Key
Revenue
Mics
Sources IPAD
iPad GoPro
USP:
Rentkar provides a variety of items on its platform from a simple mic to a macbook.
It’s a peer to peer market place so the investment cost is greatly reduced. It has a
good presence in social media.
Final Thought’s:
Most people in their late 20s and early 30s are not only renting transportation services,
but also houses, furniture, electronics, clothes and even workspaces. Many refer to
this inclination to rent over owning things as the ‘Netflix economy’.
Instead of purchasing items that may be required for a short duration, such as
speakers for a party, this system allows people to rent these items at a nominal fee,
establishing a win win situation for both the parties. Rentkar proves to be good startup
owing to its vast diversity of items available on its portal and it’s good reach on social
media it has potential to become a successful investment.