List of Top Rental Startups in India

Vidhi Punamiya Vidhi Punamiya Anga Mahatara Anga Mahatara
Nov 11, 2022 7 min read
List of Top Rental Startups in India

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 there to facilitate a way for people to experience something without owning it. One can think of driving that dream car or bike for a short term without having to purchase it at an exorbitant price.

The forecasted Car Rentals segment revenue for India is at $2.17 billion in 2022. By 2026, a market volume of $2.95 billion is predicted, with revenue forecast to expand 7.92% annually (CAGR 2022-2026). This article discusses the leading rental companies in India that are radically changing this sector.

List of Top Rental Startups in India

Vehicle Rental Startups in India
House Rental Startups
Room rental Startups
Medical Equipment Rental Startups

Vehicle Rental Startups in India

The Global bike-sharing market is estimated to grow to over 13.7 Billion by 2026
The Global bike-sharing market is estimated to grow to over 13.7 Billion by 2026

Myles

Founder Sakshi Vij
Founded in 2013
Operational cities Delhi, Mumbai, Pune, Noida, Gurgaon, Bangalore, Chennai, Hyderabad, and other 13 cities
Myles Founder | Rental Startups in India
Myles Founder | Rental Startups in India

Myles often reviewed as one of the best car rental companies in India, has 38 awesome cars one can choose from according to the need. 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.

Zoomcar

Founders Greg Moran and David Back
Founded in 2013
Operational cities Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and other 28 cities
Zoomcar Founders | Greg Moran and David Back
Zoomcar Founders | Greg Moran and David Back

Zoomcar is one of the top rental companies in India, operating in over 34 cities. You can hire a car from a diverse spectrum that starts with a Tata Nano and extends to expensive, high-end models like the Mercedes GLA. You can rent a car anywhere from an hour to a month.

House Rental Startups

According to Knight Frank India, the average home price increased by 3% to 10% in July-September, 2022, while office rent increased up to 13% as a result of increased demand for properties. Here are some of the property rental startups in India:

Housing

Founders Rahul Yadav and 11 other IIT, Bombay Graduates
Founded in 2012
Operational cities Chennai, Mumbai, Bengaluru, Kolkata, Delhi, and other 34 cities
Housing ex-Founder and ex-CE0 | Rahul Yadav(on right)
Housing ex-Founder and ex-CE0 | Rahul Yadav(on right)

For those looking for a flat on rent, Housing is the answer. This startup is devoted to connecting people with the one of their choice. You can choose from different types of flats: fully furnished, unfurnished, semi-furnished, etc. The extensive network for Housing across India means that finding a place will be as easy as ABC!

Fairpockets

Founders Ritesh Anand & Rumki Sengupta
Founded in 2017
Operational cities PAN India
Fairpockets Logo | Rental Startups in India
Fairpockets Logo | Rental Startups in India

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.

NoBroker

Founders Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg
Founded in 2014
Operational cities Mumbai, Bangalore, Pune, and other cities
NoBroker co-founders | Saurabh Garg, Amit Kumar Agarwal, and Akhil Gupta
NoBroker co-founders | Saurabh Garg, Amit Kumar Agarwal, and Akhil Gupta

NoBroker 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 over 30,00,000 monthly users, and its services are available in Mumbai, Bangalore, Pune, Chennai, Hyderabad, Delhi, Faridabad, Noida, Ghaziabad and Gurgaon.

RentRoomi

Founders Nitin Sharma
Founded in 2016
Operational cities Hyderabad, Delhi, Bangalore, Jaipur, and other cities
RentRoomi Logo | Rental Startups in India
RentRoomi Logo | Rental Startups in India

RentRoomi helps search for accommodations 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 currently operates 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.

99acres

Founders Sanjeev Bikhchandani
Founded in 2005
Operational cities Across India
99acres Logo | Rental Startups in India
99acres Logo | Rental Startups in India

99acres is an Indian real estate platform 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 Indian cities and is a behemoth in the online real estate market. Over 10,000 properties are listed every day.

Magicbricks

Founders The Times Group
Founded in 2006
Operational cities Bangalore , Chandigarh , Chennai, Delhi NCR, and other cities
Magicbricks Logo | Rental Startups in India
Magicbricks Logo | Rental Startups in India

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 let people buy or rent the same through its website. It has over 15,00,000 active property listings. Founded in 2006, it has its headquarters in Noida.

NestAway

Founders Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev
Founded in 2015
Operational cities Noida, Pune, Mumbai, and other cities
NestAway Founders | Amarendra Sahu, Jitendra Jagadev, Smruti Parida, and Deepak Dhar
NestAway Founders | Amarendra Sahu, Jitendra Jagadev, Smruti Parida, and Deepak Dhar

NestAway is an online home rental marketplace for individuals and families. It provides fully furnished and well-maintained rooms and flats for rent without brokerage fees. NestAway has headquarters in Bengaluru, and its services are across 13 cities, including Noida, Pune, and Mumbai.

Room rental Startups

Airbnb

Founders Brian Chesky, Nathan Blecharczyk, and Joe Gebbia
Founded in 2008
Operational cities 220+ countries and regions
Airbnb Logo | Rental Startups in India
Airbnb Logo | Rental Startups in India

Airbnb is a California-based startup for arranging and offering to lodge. Airbnb focuses on temporary homestay and tourism. It provides rooms for the home stay to people, and homeowners can easily list their properties on their platform using the Airbnb app or website. Airbnb acts as a broker, receiving a commission for each booking made from its platform.

OYO rooms

Founders Ritesh Agarwal
Founded in 2012
Operational areas Europe, Asia and United States
OYO Logo | Rental Startups in India
OYO Logo | Rental Startups in India

OYO, a Gurgaon-based company, is the biggest platform in India and one of the world's fastest-growing hotel chains for booking hotel rooms at pocket-friendly prices. The parent company of OYO is Oravel Stays Private Limited. Its services are available in 35 countries. Under Ritesh Agarwal, OYO is rapidly building its dominance outside India through an acquisition spree.

TRIVAGO

Founders Rolf Schrömgens, Stephan Stubner, Peter Vinnemeier, and Malte Siewert
Founded in 2005
Operational areas 190 countries worldwide
trivago Logo | Rental Startups in India
trivago Logo | Rental Startups in India

A Germany-based company, trivago specializes in Internet-related services and products in the hotel, lodging, and meta-search fields. trivago, founded in Germany in January 2005, offers research and compares facilities for over 5 million hotels by leveraging information from over 300 hotel booking sites and other types of accommodation in over 190 countries.

Medical Equipment Rental Startups

PrimedeQ

Founders Shanthi Mathur and Achudhan Mani
Founded in 2016
Operational areas 250 hospitals across 6+ states and 65+ cities
PrimedeQ Logo | Rental Startups in India
PrimedeQ Logo | Rental Startups in India

PrimedeQ, India's first comprehensive B2B eMarketplace for Products and Services related to medical equipment & devices, 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.

Portea

Co-Founder and Chairperson Meena Ganesh
Founded in 2013
Operational cities Bangalore, Mumbai, Chennai, Pune, Hyderabad, and other cities
Portea Logo | Rental Startups in India
Portea Logo | Rental Startups in India

Portea provides healthcare equipment rental services in over 40 cities in India. In addition to medical equipment, it lists healthcare professionals' services like attendants, nurses, and doctors. One can place an order for medical equipment(s) on Portea's website and get the same delivered to their doorstep. Portea also provides a lab test facility at home.

Conclusion

Renting is not only cheaper but also gets rid of the tension that comes bundled with ownership. There has been a seismic shift toward the renting culture, especially among the millennials. The craze for tourism and exploration has only bolstered this shift.

FAQs

Which are the top Rental Startups in India?

Some of the top Rental Startups in India are:

  • Myles
  • Zoomcar
  • 99acres
  • NoBroker
  • Magicbricks
  • Housing
  • Fairpockets
  • NestAway
  • OYO
  • trivago
  • Airbnb
  • RentRoomi
  • PrimedeQ
  • Portea

Which are the sites for rental homes in India?

99acres, NoBroker, Magicbricks, and NestAway are the best site for rental homes in India.

Is Zoomcar a good option?

With Zoomcar, you can hire a rental or self-drive vehicle of your choice for a reasonable price. The cars have all-India permits, and Zoomcar offers many stations across the nation from where you can pick up your preferred vehicle. So it is a good option.

Which is the site to sell property in India?

99acres, NoBroker, Magicbricks, and NestAway are among the best sites to sell property in India.

Which are the sites for hotel booking in India?

OYO rooms and trivago are the hotel booking sites in India.

Which are Medical Equipment Rental Startups in India?

PrimedeQ and Portea are among the best Medical Equipment Rental Startups in India.

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