Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 17 2018

GrabOnRent launches operations in Mumbai and Gurgaon

The expansion is in line with the firm's strategy to gain its customer base from 35,000 currently to 1,00,000 in the next 3 months even as it claims to grow at a rate of 22% monthly.

Online product rental marketplace GrabOnRent has expanded its network from Bengaluru to launch in Mumbai and Gurgaon and is on track to kickstart operations in 6 more cities by the end of 2018.

Backed by Ivy Cap Ventures and Unicorn India Ventures, the company offers products on rent across a host of categories such as furniture, home appliances, laptops & computers, fitness equipment, etc offering over 45,000 products across 500 stock keeping units.

GrabOnRent offers delivery, installation, and maintenance for its products, as part of its subscription-based service offering.

Shubham Jain, CEO, GrabOnRent said, “We have seen a huge influx of people migrating to cities like Mumbai and Gurgaon and GrabOnRent caters to such audiences who are looking for an economical, yet quality life.” The firm has over 200 and 150 service partners in Mumbai and Gurgaon respectively, offering about 300 products on rent in these cities.

The expansion is in line with the firm's strategy to gain its customer base from 35,000 currently to 1,00,000 in the next 3 months even as it claims to grow at a rate of 22% monthly.

The company planning  to launch more multi-functional products in its biggest category i.e. furniture, to further boost volumes in the new geographies as it targets revenues of over Rs 100 crore by FY19.

Comment
Related opportunities
  • Imitation/Art/Junk Jewellery
    About Us: Since1998, Mukesh Lakhara has had one aim – to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Kids & Infant Products
    Want to be financially Independent? Want to work with convenience..
    Locations looking for expansion Gujarat
    Establishment year 2006
    Franchising Launch Date 2014
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets 200-500
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Healthcare & Medical Products
    About Us: India's Leading budget eyewear brand. Founders are from IIM..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Established in the year 2001,  Kakal Kai Ruchi is..
    Locations looking for expansion Karnataka
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities