39229
Uprent
Uprent
India, Himachal Pradesh
Market: Internet and IT
Stage of the project: Idea or something is already done
Date of last change: 11.06.2019
India, Himachal Pradesh
Market: Internet and IT
Stage of the project: Idea or something is already done
Date of last change: 11.06.2019
Idea
A peer to peer renting platform for everyone to take things on rent and make money while giving on rent.
Current Status
Currently we are in Research and Development stage, we have research and data to prove the concept at TRL 2 - 4, but we need funds to execute our product.
We have a great market and the size of Market is even more bigger it is projected to become $335 Bn in 2025 as a big part of Global Shared Economy.
We have a great market and the size of Market is even more bigger it is projected to become $335 Bn in 2025 as a big part of Global Shared Economy.
Market
Electronic
Furniture
Real estate
Tools and equipments
Constructionand decor
Cameras and consoles
Total market size from 2014 - 2025 = $335 Bn
Furniture
Real estate
Tools and equipments
Constructionand decor
Cameras and consoles
Total market size from 2014 - 2025 = $335 Bn
Problem or Opportunity
Wastage of goods and resources.
No sales of products due to high cost.
Recklesspurchases of things used temporarily.
No platform to give and take things on rent from your local peers and make money.
No sales of products due to high cost.
Recklesspurchases of things used temporarily.
No platform to give and take things on rent from your local peers and make money.
Solution (product or service)
Online renting peer to peer platform to make on while giving on rent and save money while taking on rent, items of any kind and categories.
Competitors
Furlenco
Mutterfly.in
Grabonrent
Rentmojo
Mutterfly.in
Grabonrent
Rentmojo
Advantages or differentiators
No third party transaction.
Peer to peer model.
Business growth features to expand renting business.
Exchange features and sharing culture.
Peer to peer model.
Business growth features to expand renting business.
Exchange features and sharing culture.
Finance
We are providing premium services for renting business for local market businesses/stores at price standardisation starting from $8 to $150 to increase sales and business growth with our technology.
In next five years we target to create biggest local Rental market chain in the world by taking local market on our platform.
With 40 - 60 % increase in YoY sales.
In next five years we target to create biggest local Rental market chain in the world by taking local market on our platform.
With 40 - 60 % increase in YoY sales.
Business model
Business Model
1) On page advertisements: banner ads, spotlight ads.
2) Featured listings: when someone wants their item to be featured in the categorised section of items, can pay us an amount and will do that for them.
3) Premium services: In this we give you more inventory space, for ₹99 inventory space up to 20 items and no ads. For ₹250 inventory space up to 70 items with customers insights. For ₹500 full inventory space with customers insights and review badges.
1) On page advertisements: banner ads, spotlight ads.
2) Featured listings: when someone wants their item to be featured in the categorised section of items, can pay us an amount and will do that for them.
3) Premium services: In this we give you more inventory space, for ₹99 inventory space up to 20 items and no ads. For ₹250 inventory space up to 70 items with customers insights. For ₹500 full inventory space with customers insights and review badges.
Money will be spent on
Product development
Backends
Marketing
Employees
Backends
Marketing
Employees
Offer for investor
Equity dilution.
Team or Management
Risks
Security can be an issue.
Local businesses refused to join our platform.
If users damaged or stole the products.
Local businesses refused to join our platform.
If users damaged or stole the products.
Incubation/Acceleration programs accomplishment
Not done yet!
Won the competition and other awards
No
Photos
Presentation
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