Startups based on rental apps (for handheld devices and computers) provide services to people for leasing cars, bikes, rooms, homes or heavy equipment. Rental startups are built to facilitate a way for people to experience something without the need of owning it. One can thus think of driving that dream car or bike for a short term without having to purchase at an exorbitant price.
According to Livemint, the bike rental industry alone worth more than $300 million in India. The aggregated rental industry in India (considering all possible rental mediums) is more than $1.5 Billion. This article discusses the best Indian rental startups that are bringing momentous changes in this ever-growing segment.
List of Top Rental Startups in India
Vehicle Rental Startups
Myles is often reviewed as one of the best car rental companies in India. This car rental company is equipped with 20 awesome cars one can choose from according to his or her needs. Myles allows you to rent a car across 21 major cities in India. The cities include Delhi, Mumbai, Chennai, Goa, Jaipur, Pune, and many more. Car rental is the best option if you want to explore India comfortably.
Zoom is another platform providing car rental services in India. You can hire a car from a diverse spectrum that starts with a Tata Nano and extends to the expensive, high-end models like the Mercedes GLA. You can rent a car anywhere from an hour to a month. If you're planning for an extensive road trip in India, then Zoomcar is the way to go!
RentOnGo is a startup that lets you rent anything and by anything, we mean furniture, electronics and a plethora of other stuff. However, the focus of the startup is motor bikes and scooters. Rentongo provides all kind of two-wheelers for rent and it has a varied collection one can choose from.
House Rental Startups
For those of you looking for a flat on rent, Housing is the answer. This startup is devoted to connecting people with the flats of their choice. You can choose from different types of flats: fully furnished, unfurnished flat, semi-furnished, etc. The extensive network it Housing as across India means that finding a place will be as easy as ABC!
Grabhouse is a platform your housing needs. It has over 1,00,000 customers and continues to grow. The platform is equipped with a broker-free option for people wanting to avoid the hassle of middlemen. Grabhouse covers 30,000 locations in 11 cities of India. This is perfect for those people interested in renting a place for whatever reason.
Fairpockets is a fair price property portal and a SaaS based mobile marketplace. It is an online platform that connects the trio of buyers, sellers, and brokers. Fairpockets allows free property posting on its website and the valuation of the property is done for resale before the advertisement goes live. One can also rent properties through Fairpockets. Its price calculator, inventory management, lead management, and communication system features are highly rated and sought after.
Also read: Success Story of Fairpockets
No Broker is another application that assists in putting up homes for rent. As the name suggests, the startup stays clear of brokers and other middlemen to avoid unnecessary problems. The platform has 4,00,000 monthly users and its services are available in 5 big cities of India like Chennai and Gurgaon.
RentRoomi helps to search for accommodations with ease while avoiding fake listings and endless site visits. The company is working to solve the problem of Generation Y by letting them find suitable accommodation in cities with the roomies of their choice. RentRoomi is currently operating in Hyderabad, Delhi, Bangalore, Jaipur, Pune, Mumbai, Kolkata and Chennai. Nitin Sharma is the founder and CEO of RentRoomi. An engineer by qualification, Nitin worked in a software development company as a project planning and business developer before starting RentRoomi.
Also read: Success story of RentRoomi
99Acres is an Indian real estate platform which was founded in 2005 by Sanjeev Bikhchandani. It allows users to search for properties and land to buy, sell and rent, all through the comfort of their mobile phones. The company caters to almost all of the Indian cities and is a behemoth in the online real estate market.
Magicbricks is a division of Times Internet Group limited. The platform allows buyers and sellers to locate properties in India. Magicbricks provides all the information about the property it lists and lets people buy or rent the same through its website. It was founded in 2006 with its headquarter in Noida.
Nestaway is an online home rental marketplace for individuals and families. It provides fully furnished and well maintained rooms and flats for rent without any brokerage fees. Nestaway is headquartered in Bengaluru and its services are spread across 9 cities including Noida, Pune, and Mumbai.
Also read: Success story of Nestaway
Room rental Startups
Airbnb is a California based startup for arranging and offering lodging. Airbnb focuses on temporary home stays and tourism. It provide rooms for home stay to people and home owners can easily list their property on their platform using Airbnb app or website. Airbnb acts as a broker, receiving commission for each booking made from its platform.
OYO is the biggest platform in India for booking hotel rooms at pocket friendly prices. The parent company of OYO is Oravel Stays Private Limited. It is a Gurgaon based company and has more than 4,50,000 listings in 500 cities of India. Moreover its international presence includes but is not limited to Japan, Sri Lanka, UK, USA, Malaysia, and UAE. Under Ritesh Agarwal, OYO is rapidly building its dominance outside India through an acquisition spree.
A Germany based company, Trivago specializes in internet related services and products in the hotel, lodging and meta search fields. Trivago was founded in Germany in 2005, January. It offers research and compare facility for over a million hotels by leveraging information from 250 hotel booking sites worldwide.
Medical Equipment Rental Startups
PrimedeQ provides access to multiple affordable, good quality medical equipment for rent. It aims at bringing down selling costs for sellers through its virtual platform. Hospitals can buy, sell or rent equipment, get medical equipment serviced, and purchase spares & accessories–both new and used. Shanthi Mathur and Achudhan Mani are the founders of PrimedeQ. Shanthi Mathur is the CEO of PrimedeQ whereas Achudhan Mani is the director of PrimedeQ.
Also read: Success story of PrimedeQ
Portea provides healthcare equipment rental services. In addition to medical equipment, it lists the services of healthcare professionals like attendants, nurses, and doctors. One can place order for medical equipment(s) on Portea's website and get the same delivered to his/her doorstep. Portea also provides lab test facility at home.
Renting is not only cheaper but also gets rid of the tension that comes bundled with ownership. There has been a seismic shift towards the renting culture, especially among the millennials. The craze for tourism and exploration has only bolstered this shift. Comment about other rental startups that you may know of and also about your experiences with renting!