Tag: rental startups

42 Automobile & Car-Related Business Ideas to Start in 2025
The Automobile industry in India is on the upswing due to the surge in the economy and technology. They have opened the gates for many startups and business ideas to flourish. Car care businesses will continue to grow at a faster rate than the overall economy. Forward-looking indicators suggest there is plenty of opportunity for additional growth in the future.

The society of Indian automobile manufacturers is the crown jewel of the transportation industry, and the business opportunities they provide are innumerable. The reason is the increasing population of vehicles. Another reason is the growing number of average miles driven by individual vehicle owners. The automotive industry is Pandora’s box for many innovative and creative entrepreneurs. So, we are here with some awesome automobile business and car-related business ideas for you.

Automobile & Car-related Business Ideas
Automobile & Car Business Ideas

1. Open an Auto Interior Shop

An automobile is meant to provide a comfortable, plush, personal experience that can be personalized to the extent one wishes it to be done. The exteriors of an automobile indeed need to be considered for others, but then you must consider the interiors of your vehicle for yourself, if not for anyone else.

Automobile accessories shops are known to delight vehicle owners and are becoming popular. An auto interior shop can thus be a great choice if you are looking for an automobile-related business.

2. Lubrication Oil Retail Shop

Fuel oils are certainly a necessity when it comes to an automobile, but we often forget about lubrication oil, which is also as important as the former, if not more. Lubrication oil plays a major part in helping a vehicle to function to its fullest potential. However, oil shops selling lubrication oil are not found everywhere, except in petrol pumps, which makes it more demanding than ever, therefore making it a good car-related business idea.

3. Electric Vehicle Charging Station

Automobile Business Ideas – EV Charging Station

E-vehicles or electric vehicles (EVs) are quickly in prominence. Furthermore, the manufacturing of electric vehicles is also getting all the support of the world to bid adieu to the cursed carbon footprints and usher in a sustainable future for us. Electric vehicles would reduce the overall cost and the total amount of pollution emitted, but they also demand proper charging stations to thrive. Creating or spending on electric vehicle charging stations can, therefore, be an innovative and foolproof idea for anyone looking to build an automobile-related business. Get a detailed guide on how to start an EV Charging station business in India.

4. Automobile Franchises

The automobile industry is booming at an alarming rate, and automotive business ideas, including automobile franchises, are becoming more and more popular each day with the increasing number of automobiles on the road. Therefore, if you are looking to start with a car business idea, then beginning with an automobile franchise is a safe and lucrative option.

5. Car Wash Business

Running a mobile car wash business is a smart way to make a lot of money in the car business without taking much risk of capital investment. The business also eliminates the requirement for a retail business location. Know more about how to open a Car Wash Business.

6. Trucking Business

Automobile Business Ideas – Trucking Business

The automobile business plan includes transporting goods from the place of manufacture to the consuming state. They transport raw materials, machines, processed food, etc. This can be a highly rewarding business idea for the automobile industry in India.

7. Packers and Movers

Life is ever-changing, and we don’t know this moment where we will end up in the next one. However, with promising packers and movers services, we can always ensure the security of our belongings. The need for trustworthy packers and movers will never end. Therefore, packers and movers services always remain one of the most valuable vehicle business ideas of the lot that ensure positive returns. This is one of the most profitable car businesses idea.

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8. Automobile Spraying & Branding Workshop

Automobiles are not regarded as useful travel companions but are also synonymous with class and status, and above all, should always be maintained well to get the service you need. Besides, everyone wants to make their cars look dapper and unique on the road, and it is for this reason that most of them opt for automobile spraying services, which makes their vehicle stand apart from the general fleet. Furthermore, spraying automobiles with the colors of your brand can also lead to effective branding. Therefore, if you are interested in automobiles and looking forward to generating lucrative business ideas in the automobile industry, then setting up a spraying and branding workshop may well be an option for you!

9. Sale of Motor Vehicle Insurance

When there are vehicles, there must be effective ways to protect the owners from thefts, accidents, or damages inflicted on them. Besides, automobiles are quite expensive to not have dedicated insurance policies for them. Insurance policies benefit not only the owners but also those who sell them, so much so that people can hope to create a fortune out of the sale of motor vehicle insurance. Look at the best Insurance franchise businesses in India.

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10. Auto Locksmith Business

Automobiles are secured by insurance services and their locks. Can you imagine a car without locks? Truly a nightmare, isn’t it?

Along with the launch of high-end, expensive vehicles, their security is also becoming a growing concern each day. We cannot say when the locks of our car break down all of a sudden. However, with experienced and reliable locksmiths, we can rest assured. Auto locksmith service is necessary for all who possess automobiles, and the demand for auto locksmith services is not to be any lesser shortly, making auto locksmith businesses a rare but lucrative choice of business ideas in automobile industry.

11. Vehicle Licensing Brokerage Service

Vehicle licensing is essential regardless of where you live and the kind of vehicle you possess. Besides, it is very lucrative, too. Do you know a whole industry of people who work in the vehicle licensing sector?

Yes, you can also consider vehicle licensing and brokerage services as part of the diverse array of automotive businesses while jotting down the business ideas in the automobile industry, provided that the rising demands it is witnessing lately.

12. Tire Store Retail Business

A tire store business opportunity demands full control of inventory and some adequate knowledge about different types of tires that come with different unique numbers. One can start this business in the automobile sector in a metropolitan city or a small town, making it a viable option among various car-related business ideas.

13. Food Truck

Automobile Related Business Ideas – Food Truck

The automobile business plan involving food is a new-age concept in India; the food business is always a profitable one. These food trucks attract a wide range of consumers, especially those located near beaches. Food trucks are one of the most profitable and successful business related to cars.

14. Battery Reconditioning Business

The battery reconditioning business provides the service of restoring energy-less batteries to their full original capacity. It can be done by adding some chemicals and using some simple methods. As the vehicle population grows and consumers become more cost-conscious, the potential of increasing this business is obvious.

15. Rental and Ride-Sharing Cars

The automobile business plan of rental and ride-sharing carsgrows and consumers become saw the highest growth. A classic example of this is Uber and Ola. The idea of rental cars and ride-sharing is the next big platform for the automotive industry in India.

16. Automobile Magazine

Automobile magazines are among the most profitable automobile business ideas. There is very good demand in the market. By focusing on a niche audience an individual can start this business with proper editorial and marketing infrastructure.

17. Vehicle Review Blogging

Vehicle review blogging is a home-based, low-cost business idea that anyone can start. By using this review blog, you will be helping individuals make decisions about which car or vehicle will be perfect for them.

18. Mobile Windshield Repairing

A mobile windshield repair business can be initiated from a home location with low startup capital. With little inventory and low operating overhead costs, any individual can start this business with a proper marketing strategy.

19. Airport Bus Shuttle Service

Car Business Ideas – Airport Bus Shuttle Service

Shuttle service in airports needs no introduction. Faster mobility with larger vehicles like buses is indispensable to transporting a fairly large crowd to their respective flights inside the airports quickly. Therefore, the airport bus shuttle service, as part of innovative car business ideas, can also serve as an excellent vehicle business idea if you are looking forward to one!

20. Auto Accessories Store

Four-wheelers are expanding more than ever, and with the increasing number of automobiles, the demand for maintaining them is also increasing by leaps and bounds. Auto repair and accessories stores have multiplied their incomes manifold in the last couple of decades, and the demand is here to stay, making it an amazing business plan for those looking to build an automobile-related business.

21. Aviation Fuel Supply

We love to travel. Whether it is traveling within our country or flying abroad, airplanes cut short our journey and make it as comfortable as we want it to be at cost-effective rates. This expansion of the aviation industry has also raised the demand for fuel supply in general. Therefore, if you are thinking about vehicle business ideas, you might well include aviation fuel supply services in your plan!

22. Exporting Automobile Parts

The automobile business plan leads to the way to exporting their parts. Many foreign manufacturers are relying on India for spare parts due to various factors that make their products much more efficient. Major global luxury brands source their spare parts from India.

23. Auto-Body Store

The auto-body store business provides auto-body repair and new bodybuilding services, and sells spare parts and accessories related to the vehicle body. As the number of vehicles is growing, the business opportunity of auto-body stores is also increasing globally, making it one of the best global and profitable auto business ideas.

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24. Tow Trucking Service

A Tow Truck service business provides services to help damaged or abandoned vehicle owners wheel their cars to the service station or to the desired parking destination. An individual with demographic ideas and knowledge about the towing arrangement for the breakdown vehicle can initiate this business with substantial capital investment.

25. Automobile Repair Service

Among the automobile business ideas, this business idea is perennial and thriving. It is a quintessential model of business in this industry that can be highly rewarding. It goes without saying that automobiles require regular service, and due to constant usage, they need to be repaired.

26. Driving School

Establishing a driving school can be a self-rewarding and profit-making venture. An individual with a flair for marketing can initiate a driving school business with moderate capital investment. Having a driving school is one of the lowest-investment automotive businesses. Running a driving school is a practical and profitable small car-related business idea.

27. Restoration Business

Automotive Business Ideas – Restoration Business

The revival of vintage cars has been a luxury for many due to the scarcity of restoration professionals. After the internet boom in India, the restoration of automobiles has picked up some pace, along with other car business ideas. As the economy changed its course, so did the taste of the people of India, which led to “customization” according to their personal needs. Also, the metro cities are hosting many festivals showcasing vintage cars. The old cars of no use are now restored to pristine condition. The restoration of automobiles, including various car business ideas, can be highly profitable based on the automotive industry in India and the quality of work.

28. Courier Service

Do you know that the oldest courier service in India is the Indian Postal Service? The courier service company was established in the country on April 15, 1774. An industry with a rich history of around 224 years has only bettered and grown far and wide across the country, showcasing opportunities for various automobile business ideas. Furthermore, it has been and is continuing to be a huge opportunity for any startup company to be established in this sector, with vehicles holding a central place in these services. Therefore, it is surely one of the most lucrative vehicle business ideas to invest time in!

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29. Dump Truck/Waste Disposal Service

Fresh delivery and disposal services go hand in hand. Effective disposal service is the need of the hour, and this need is pushing the industry to invite promising newcomers with decent ROI. Waste management has become a necessity. If you are wondering about innovative and promising automobile business ideas, then dump trucks or waste disposal services may well be your option, given the rise it has witnessed in the past years.

30. Limo Service

The automobile industry has grown with time, packing convenience, comfort, cost-effectiveness, and luxury at the same time. Running a Limo service is one of the most profitable car service business ideas. A business with cars can be highly profitable with the right market and services. Along with affordable cars that cater to the needs of the general public, four-wheelers have not disappointed the upper class or the rich people of society with the help of the premium vehicles that the industry boasts of. Limo service is one of the high-end services modeled on the automobile industry and can serve as a towering idea when it comes to automobile-related businesses, including premium automobile business ideas.

31. Mobile Mechanic Service

Automobile businesses perform well only when they are well-maintained. Automobile repair or maintenance is, therefore, a key to any well-functioning automobile. Mechanic services for automobiles were earlier stationary. With the emergence of mobile mechanic services, the industry is simply witnessing a revolution. This is also bringing in a host of fresh employment opportunities and, along with it, driving this present generation of entrepreneurs. It is one of the most profitable car related business ideas.

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32. Multi-Storied Parking Lot

The escalating numbers of vehicles worldwide amplify the challenges associated with finding adequate parking spaces, especially in major cities. Launching a multi-storied parking facility designed to accommodate various vehicle types, including cars and trucks, stands out as one of the most lucrative automobile business ideas in the realm of automobile-related businesses.

33. Used Car Shop

Starting a used car dealership can be very profitable. You’ll need space for a car lot, skilled technicians to fix and maintain the cars, and a few salespeople to help customers find the right vehicle. This requires a significant amount of money upfront. Before you begin, make sure you understand how car values depreciate and keep up with market trends.

34. Vehicle Service on the Move

People are very busy with their personal and professional lives these days, so they don’t have time to get their vehicles serviced. A mobile service station can be a great car-related business because many potential customers need this convenience.

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35. Women’s Cab Service

Cab companies are common worldwide, but sometimes women feel unsafe riding in them. Having cabs driven by women can address this concern. With an investment in a fleet of cars and salaries, this car-related business could be very successful in big metropolitan cities.

36. Auto Detailing

Auto detailing, one of the most innovative car related business ideas, is perfect for those who love cars and have an eye for detail. You’ll offer services like cleaning, waxing, and polishing to enhance and protect the car’s appearance. Car enthusiasts are willing to pay well for these services, making it a profitable automobile business. You can choose to have a fixed location or a mobile service to suit your business style.

37. Body Shop

This business focuses on repairing vehicles damaged in accidents and restoring them to their original condition. A body shop requires knowledge of car mechanics, bodywork, and painting skills. With the right location and quality service, you can attract customers looking for professional and reliable repairs. Satisfied customers will help build your reputation, leading to steady business and referrals.

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38. Car Hire

Starting car related businesses can be profitable, especially with the growing demand for eco-friendly cars and on-site services. A great automobile business idea could be starting a car hire service. You can offer a variety of cars and vans for people who need temporary transport, like when their car is being repaired, or for long trips. You could also specialize in luxury or premium vehicles.

To attract more customers, offer drivers for hire. Just make sure all drivers have the proper licenses and insurance. With growing interest in eco-friendly options, consider adding electric or hybrid cars to your fleet. This will appeal to environmentally conscious customers and save on fuel costs in the long run.

39. Car Export

Car export is a big market, and if you know about car shipping, it can be a very profitable car related business idea. You can buy cars at auctions and sell them in markets where there is high demand. It’s important to understand government laws, taxes, and customs rules, but the potential for high profits makes it worth considering. Success in this business comes from building strong relationships with buyers and shipping agents.

40. Auto Oil Change

Automotive Business Ideas – Auto Oil Change

You can offer home services like on-site oil changes and basic vehicle maintenance at a time that works for your customers. You can also provide free vehicle inspections to find other needed services and charge customers for them.

41. Car Window Tinting

Tinted films and coatings are applied to car windows to enhance appearance, block UV rays, improve privacy, and reduce heat. Ceramic tinting is a premium option that offers superior insulation and heat rejection. You can run this business either as a mobile service or from a fixed shop location.

This service is in demand year-round, especially in sunny regions. Offering packages and quick turnaround can help attract more customers.

42. Car Finder Service

If you have the right connections, you can earn money by helping car enthusiasts and collectors locate rare and classic cars. Tapping into online forums and social media groups can help you build a strong network in this niche.

With good negotiation skills and knowledge of vintage models, you can even earn a commission or finder’s fee. Building a reputation for trust and reliability can turn this into a profitable side business or full-time venture.

Conclusion

We hope the above list of automobile related business ideas will help you make an informed decision. We will update this list of Automobile and Car-related business ideas as we get more industry information. So stay tuned!

FAQs

What are the top automobile companies in India?

Some of the top automobile business companies in India are:
- Tata Motors Ltd
- Maruti Suzuki India Ltd
- Mahindra Group
- Hero MotoCorp Ltd
- Bajaj Auto Ltd
- Ashok Leyland Ltd
- TVS Motor Company Ltd
- Force Motors Ltd
Which car business is most profitable?

Some of the most profitable car business ideas are:
- Auto Interior Shop
- Lubrication Oil Retail Shop
- Car Wash Business
- Vehicle Licensing Brokerage Service
- Rental and Ride-Sharing Cars
- Car Accessories Store
- Automobile Repair Service
- Driving School
What are some of the common automotive industry jobs?

The automotive industry is expanding with numerous job offerings that a lot of people opt for. Some of the most common automotive industry jobs today are associated with:
- Car rental services
- Vehicle inspection services
- Automobile designing
- Automobile manufacturing
- Automobile selling
- Automobile repairing
- Fleet operating
How is the vehicle industry growing?

The vehicle industry is growing today at a pace that was never seen before. The global sales of the automobile business are reported to be around 67.2 million units in 2022.

Is starting a tow truck business a good idea?

Starting a tow truck business might sound like a good idea, but it is important to learn that a tow truck business can prove to be a big time and money investment for some people. Therefore, it is essential to plan a long-term conversion through the same.

What are some lucrative automotive franchises in India?

If you are wondering about some of the most profitable automotive franchises in India:
- EV Techo Electra Motors
- Mahindra First Choice
- Feynlab
- AAMCO Transmissions and Total Car Care
- EV Motors India
- COZI CARS
- AUTO HERB
- Wheeler Cleaner
How to start automobile business?
- Conduct thorough market research to identify a niche or demand, then create a detailed business plan.
- Obtain necessary licenses, secure funding, and establish supplier relationships before launching your automobile business.
April 21, 2025
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

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 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 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)

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 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 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 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 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 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 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 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, 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

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, 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 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.
November 11, 2022
How does Zoomcar make money? | Zoomcar Business Model
Zoomcar is India’s first self-drive rental company. The concept of enjoying a car drive without actually buying a car was fascinating for Indians.

Today, Zoomcar has over 10,000 cars in the fleet. It has a market share of 60% and has gained massive popularity. The company has 91,00,000+ happy users.

But, how did this company grow so much over the years? To find an answer to this question let’s understand the business model of Zoomcar in detail.

What is Zoomcar?
Operating Model and Key Products and Services of Zoomcar
Target Audience of Zoomcar
Business Model of Zoomcar
What is Unique about Zoomcar’s Business Model
Zoomcar Revenue Model
FAQ

What is Zoomcar?

For the people who are living under a rock, using Zoomcar you can rent a car on an hourly, daily, weekly or monthly basis.

It was founded in 2013 by Greg Moran and David Back. The company is headquartered in Bangalore and currently operates in 45 cities. The tagline of this company is Never Stop Living.

Operating Model and Key Products and Services of Zoomcar

To book a car using Zoomcar you first need to be a Zoomcar member.

You also should be 18 years or above. You must have a valid Light Motor Vehicle (Non-Transport) Indian license.

If you are an NRI then you should have an international driver’s license. In the past seven years, you shouldn’t have any kind of alcohol or drug-related driving violations.

Target Audience of Zoomcar

The target audience of Zoomcar is mainly middle-class people between 18-35. They are targeting the people who travel a lot.

If we dive deeper they target teenagers and businessmen. Many young YouTubers have promoted Zoomcar. As we know teenagers follow YouTubers which helped the company to grab a lot of young individuals.

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StartupTalkyRishita Jain

Business Model of Zoomcar

Zoomcar follows a business model where it buys 75% of the cars on loans from the bank. The remaining are bought on lease from big companies like Avis Budget Group. Now, let’s understand other core elements of their business model.

1. Partnerships:

Zoomcar has tied up with various companies to include more cars on their website and to make profits. One of the major partnerships includes Ford & Mahindra.

This helped them become the first rental company in India to offer electric cars (Mahindra REVA E2O and Ford’s REVA E2O) for rent.

They have also smartly tied up with Tata Motors. This helped them to add 50 brand new Tata Nanos. To secure parking and pick-up points they have tied up with several hotels, universities, and real estate developers.

Zoomcar has also partnered with Nissan for a vehicle subscription programme. Customers can subscribe to Nissan Magnite and Nissan Kicks.

In November 2013 they also launched a month-long campaign named RideSmartBLR to spread awareness about drunk driving. This campaign was launched in partnership with Uber and the Ashoka Foundation.

2. Additional Benefits:

Apart from rental services they also give additional benefits which make them a better option. They are as follows:
- Mostly the vehicles available on Zoomcar have all India permits.
- All the vehicles are strategically placed so that customers can pick up the vehicle conveniently.
- If you want you can also get doorstep delivery of the vehicle.
- Rates available on Zoomcar have free fuel, taxes, and insurance.
- Their call centers are open 24/7 to help customers solve their queries.
What is Unique about Zoomcar’s Business Model

Today, if I tell you to rent a car you would immediately open Zoomcar’s website or app. This shows how much popularity they have gained in these years.

But, apart from them, other companies like Drivezy, SelfDrive, U-Drive, Letmedrive, Carzonrent, and LeasePlan offer similar services.

Why they are not so popular? You might have not heard the names of some companies mentioned above. Let’s understand what unique things Zoomcar did which helped them to reach such heights.

1. Performance Marketing and CRM:

Zoomcar’s marketing strategy is majority focused on performance marketing. This means that the company pay the marketing companies only when a specific task is completed like sales or getting leads or clicks.

The company uses the customer relationship managing (CRM) team to increase repeat transactions.

2. Out of the box Marketing:

Zoomcar has taken a lot of effort to make sure everyone knows about their company. What is the best way to tell people about your company? The answer is the internet.

Zoomcar used the internet smartly to grow its customer base organically. The company advertises its logo and name on the cars that they provide.

Apart from the people who are using the car, others also get to know about the company’s presence.

Zoomcar logo on its Cars

Their collaboration with FilterCopy, a YouTube Channel helped them gain popularity among the youth.

If you search #zoomcar on Instagram you will see a lot of high-quality images of people using the car and sharing their experiences.

Zoomcar Instagram

Their exceptional services made the people happy. As you know a satisfied customer does a good job of spreading awareness about the company.

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These rental companies in India are helping to make luxurious products affordable for anyone. The rental industry worth over $1.5 Bn. but these startups are boosting that number.

StartupTalkyVidhi Punamiya

Zoomcar Revenue Model

Zoomcar’s business and revenue model are straightforward. They rent you a car according to your preferences and earn money out of it.

In the financial year 2017-18, their revenue was $19 Million. But, the company was at a loss as its revenue was less than its expenses. To tackle this they launched ZAP Subscribe.

ZAP Subscribe:

This is an interesting program launched by Zoomcar which helps them to make profits. ZAP Subscribe is actually an extension of the previously launched ZAP Program.

Using this program individuals can subscribe to a new car on monthly basis. You can subscribe to a car from Rs 16,000 to Rs 50,000, depending on the car size.

This will help you to save the subscription fee. The subscription comes up with tenures of 6, 12, 18, and 24 months.

Conclusion

Zoomcar needs to give more benefits to its customers to be in this race for a long time. Their aim, for now, is to grow their business in other parts of the country. They have to give more reasons to their customers to subscribe to a car instead of buying one.

FAQ

When was Zoomcar founded?

Zoomcar was founded in April 2012 by Greg Morgan and David Back.

What is the revenue of Zoomcar?

In FY21, the startup’s total revenue stood at INR 103.6 Cr as against the INR 293.7 Cr it recorded in FY20

Who is the target audience of Zoomcar?

The target audience of Zoomcar is mainly middle-class people between 18-35.

What is the market share of Zoomcar?

Zoomcar has a market share of 60%.
August 18, 2022

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

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

Founders	Rahul Yadav and 11 other IIT, Bombay Graduates
Founded in	2012
Operational cities	Chennai, Mumbai, Bengaluru, Kolkata, Delhi, and other 34 cities

Founders	Ritesh Anand & Rumki Sengupta
Founded in	2017
Operational cities	PAN India

Founders	Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg
Founded in	2014
Operational cities	Mumbai, Bangalore, Pune, and other cities

Founders	Nitin Sharma
Founded in	2016
Operational cities	Hyderabad, Delhi, Bangalore, Jaipur, and other cities

Founders	Sanjeev Bikhchandani
Founded in	2005
Operational cities	Across India

Founders	The Times Group
Founded in	2006
Operational cities	Bangalore , Chandigarh , Chennai, Delhi NCR, and other cities

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

Founders	Brian Chesky, Nathan Blecharczyk, and Joe Gebbia
Founded in	2008
Operational cities	220+ countries and regions

Founders	Ritesh Agarwal
Founded in	2012
Operational areas	Europe, Asia and United States

Founders	Rolf Schrömgens, Stephan Stubner, Peter Vinnemeier, and Malte Siewert
Founded in	2005
Operational areas	190 countries worldwide

Founders	Shanthi Mathur and Achudhan Mani
Founded in	2016
Operational areas	250 hospitals across 6+ states and 65+ cities

Co-Founder and Chairperson	Meena Ganesh
Founded in	2013
Operational cities	Bangalore, Mumbai, Chennai, Pune, Hyderabad, and other cities

Airbnb – Success Story of a Hospitality Company Valued at $100 Billion

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Airbnb.

Have you ever felt anxious about accommodation when you’re planning on a trip out of the city or country? The uncertainty of stay, their hospitality, and their safety often give us the creeps. Leaving the comforts of our home alone causes massive distress, which is further coupled with the apprehension of staying outside whenever we decide to stay outside. Therefore, staying in a place that is decent enough and secure is something that most of us look up to.

What if we could find a place that makes us feel at home when we are on a vacation or a business trip? Wouldn’t that be great?

Modern technological advancements have made that possible and simple to find suitable accommodations for any kind of trip we make with the emergence of dependable lodging companies, and one of the most popular of such companies is Airbnb.

Right from choosing the quarters to offering support around the clock until we part, it brings all sorts of convenient measures right into our hands. Airbnb is one such wonderful platform that serves as an online marketplace to help people find accommodation during their trip as per their needs. Airbnb serves over 220 countries and regions across the world today.

You have certainly heard of Airbnb already, and thus if you are wondering to know more about this brand, then here we bring you all about Airbnb, which includes “when Airbnb started?”, Airbnb founders and creators, Airbnb company history, Airbnb success stories, Airbnb parent company, funding and valuation, growth, revenue, competitors, future plans and more.

Airbnb – Company Highlights

Startup Name	Airbnb
Headquarters	San Francisco, California
Industry	Hospitality, Lodging
Founders	Brian Chesky, Joe Gebbia, Nathan Blecharczyk
Founded	August 2008
Total Funding	$6 bn (as of March 2022)
Revenue	$4.387 bn (as of September 2021)
Valuation	$75 bn+ (as of December 2020)
Website	airbnb.co.in

Airbnb – About
Airbnb – Industry
Airbnb – Founders and Team
Airbnb – Startup Story
Airbnb – Mission and Vision
Airbnb – Name and Logo
Airbnb – Business and Revenue Model
Airbnb – Challenges Faced
Airbnb – Funding
Airbnb – Acquisitions
Airbnb – Growth
Airbnb – Awards
Airbnb – Competitors
Airbnb – Future Plans

Airbnb – About

Airbnb expanded as Airbed and Breakfast is an online marketplace to connect people in need of accommodation with the people (host) who are willing to rent their home or space in a particular locality.

Airbnb is based out of San Francisco, California, and offers the convenience of a website and a mobile app for users from around the world to list, discover and book accommodations.

The idea was originally conceived in 2007 by Brian Chesky and Joe Gebbia which was brought into shape in August 2008 along with Nathan Blecharczyk. Starting with 2 hosts, Airbnb has over 4 Million hosts with about 5.6 Million listings scattered across the globe today. They claim to have served more than 1 Billion guests as of September 2021.

Airbnb offers a significant advantage over hotels in terms of cost, amenities, customer satisfaction, service, and many more. They create value for both the Host (free listing of their asset) and the Guest (offering a unique and authentic experience at an affordable cost).

There are numerous Airbnb subsidiaries including Luxury Retreats International Inc., Tilt.com, Accomable, Aibiying, Trooly Inc., Deco Software Inc., Trip4real Experiences, S.L., Lapka Inc., Airbnb UK Limited, HotelTonight, and more. Airbnb with the help of these subsidiaries operates a platform for stays and strives to transform experiences for guests worldwide.

Airbnb Success Story

Airbnb – Industry

Airbnb falls under the lodging sector of the hospitality industry. This industry is expected to reach a Compound Annual Growth Rate of 8% to reach $5891 billion by 2022’s end. The hospitality industry is broadly classified into the following sectors: lodging, event planning, recreation, travel and tourism, and food and beverage services. This industry is considered to be more of leisure than basic needs.

Airbnb – Founders and Team

Brian Joseph Chesky

Brian Joseph Chesky is the CEO and one of the co-founders of Airbnb. He attended the Rhode Island School of Design (RISD) and has a Bachelor’s degree in Fine Arts, Industrial Design. The Airbnb founder started his career with 3DID as an Industrial Designer and then became the Principal of Brian Chesky Design before founding Airbnb.

He was acknowledged as TIME’s 100 Most Influential People in 2015. At the age of 35 in 2016, he became the youngest one to be named on the Forbes 400 list. Chesky also joined ‘The Giving Pledge’ campaign initiated by Warren Buffett and Bill Gates.

Joe Gebbia

Joe Gebbia is known as the co-founder of Airbnb, who is also the chairman of Samara, Airbnb’s design studio, and of Airbnb.org. He too attended RISD and secured a Bachelor’s degree in Fine Arts in Graphic and Industrial Design. Before founding Airbnb, Gebbia served as the industrial designer at Chronicle Books.

This Airbnb founder is a member of RISD’s trustee board and has donated $300,000 for a scholarship fund. Joe joined ‘The Giving Pledge’ campaign in 2016.

Nathan Blecharczyk

Nathan Blecharczyk is another co-founder of Airbnb. He earlier worked as an engineer in OPNET Technologies before joining Airbnb. At Airbnb, he was initially designated as Chief Technology Officer and designed the company’s website. In addition to CSO, he is the chairman of Airbnb China. He is also a member of ‘The Giving Pledge’ campaign.

Blecharczyk is a Harvard University graduate with Computer Science. Starting as a Bioinformatics Programmer at the Brigham and Women’s Hospital, Blecharczyk had served as the Intern Program Manager for Visual Basic .NET at Microsoft Corporation, and then as a Research Assistant at the Harvard Kennedy School of Government, and eventually became a Teaching Fellow at Harvard University. Blecharczyk had also previous experiences of serving as a Software Engineer at OPNET Technologies, Inc. and Batiq. The Airbnb founder was then the owner of Consult Mavens, LLC. and then joined hands with the other co-founders and founded Airbnb.

When last reported in 2020, Airbnb had an employee strength of over 5597 employees.

Airbnb – Startup Story

The startup story of Airbnb or the Airbnb origin is quite interesting. The Airbnb company history started in 2007 in San Francisco, when Brian Chesky and Joe Gebbia were roommates. They were worried about their rent, which was due because they didn’t have money at that time. While thinking of ways to pay the rent, they came across the design conference scheduled to be held in San Francisco that weekend and found that all the hotel bookings in SF were sold out.

An idea picked up and they immediately decided to host some guests from the conference in their room. They got three airbeds and hosted three guests, thus planting a seed for Airbnb. Later when the guests left, Joe and Brian gave further thoughts to this idea and decided to move further.

Joe Gebbia reportedly wrote a letter to Brian Chesky informing him of his idea. Here’s a copy of the subletter;

Nathan Blecharczyk joined them in early 2008 and they together rooted Airbnb firmly in the market.

The idea for Airbnb was planted when Brian Chesky and Joe Gebbia managed to host three guests for $80 per night. However, then they lacked the investment to construct the idea further. So, they decided to crop ‘Breakfast’ from Airbed and Breakfast for the time being and started selling breakfast targeting the 2007 presidential election campaign. This helped them keep their dreams alive.

Airbnb – Mission and Vision

Airbnb mission statement focuses on creating “a world where anyone can belong anywhere”. They were keen on attaining this purpose through their dedicated employees and loyal hosts. Airbnb has evolved as it grew. With their earlier statement of ‘Unlocking unique experiences worldwide’, they evolved into a vision of “Belong Anywhere”. They strive continuously on their vision to make their customers feel at home always, irrespective of the place they are in exploring the world of their dreams.

Airbnb – Name and Logo

Airbnb Logo

The name Airbnb was derived from the company’s initial name Airbed and Breakfast. The company was addressed as Airbed and Breakfast even before its formal inception in 2008. The founders reasoned the name as a reference to air mattresses rented out to three guests they hosted in 2007. Later in 2009, the name was changed from Airbed and Breakfast to Airbnb.

Earlier, Airbnb’s logo carried the entire name of the company, Airbed and Breakfast. When the company was renamed in 2009, the logo too was reduced to Airbnb written in blue.

The logo was again changed in 2014 with a symbol, which the company calls The Belo, saying it is the universal symbol of belonging. This logo, when dissected, depicts four other symbols that represent People, Places, Love, and Airbnb, when combined together forms the Belo logo.

Airbnb – Business and Revenue Model

Airbnb is an online platform that connects people (guests) in search of accommodation with the hosts who are interested in renting out their place. They help the host to find guests by allowing them to display their place on Airbnb’s platform for free of cost. On the other side, the customers get a chance to choose their accommodation from myriad places showcased, as per their needs. Airbnb collects the payment online, retains it until 24 hours after guest check-in, and then pays the host.

Airbnb’s revenue comes from the two-way commission charged from both the host and the guest. They charge 3% from the hosts and typically around 14% from the guests for every transaction made.

Airbnb – Challenges Faced

Local Laws and Regulations

There are different rental laws and regulations for every country and sometimes even city. For example, New York rental laws prohibit renting properties for less than 30 days, unless the tenant is living there. Airbnb took the issue to court but finally, in 2019, they agreed to share information of listings that New York City laws demanded.

Racial Discrimination by Hosts

There were widespread complaints faced by Airbnb on hosts discriminating against guests on racial and other backgrounds. As a result, Airbnb hired Eric Holder, a former Attorney General, to create and regulate anti-discrimination policy to resolve this issue.

Fraudulent Listings

A travel blogger named Asher Fergusson found that some hosts used fake and fraudulent information to get through Airbnb’s background check. This unauthenticated hosting resulted in a number of negative incidents like privacy invasion, booking cancellation, refund refusal, and some rare incidents of corpses spotted on the lawn and even murder. Airbnb is still struggling to completely eradicate such fraudulent listings.

Logo Controversy

When Airbnb introduced a new logo in 2014, it received a heavy backlash and sparked controversy saying that the logo has sexual connotations. However, Airbnb stood firm to their Belonging theory, and the issue faded away slowly.

Airbnb – Funding

Since its inception in 2008, Airbnb received a total funding of $6 Billion. Airbnb’s market valuation surpassed $100 Billion after the company went public in December 2020 and is considered to be the biggest trading debut in the United States so far.

Date	Round	Money	Investors
September 5, 2020	Series G	$635K	Global Secure Invest
April 14, 2020	Debt Financing	$1 bn	Fidelity, T. Rowe Price, BlackRock, Oaktree Capital Management, Apollo Global Management, Benefit Street Partners, and Owl Rock Capital
April 6, 2020	Private Equity Round	$1 bn	Silver Lake, Sixth Street
September 22, 2016	Series F	$555.5 mn	TCV, Glade Brook Capital Partners, Geodesic Capital, FirstMark, CapitalG, Altimeter Capital
November 20, 2015	Series E – 2	$100 mn	FirstMark
June 28, 2015	Series E – 1	$1.5 bn	Kleiner Perkins, Sequoia Capital, GGV Capital, Horizons Ventures, T. Rowe Price, Wellington Management, Fidelity Investments, Tiger Global Management, General Atlantic, Temasek Holdings, Baillie Gifford, Groupe Arnault, Hillhouse Capital Group, China Broadband Capital, Manhattan Venture Partners, Slow Ventures, Tim Ringel
April 16, 2014	Series D	$475 mn	Sequoia Capital, Andreessen Horowitz, T. Rowe Price, Dragoneer Investment Group, TPG, Sherpa Capital, Smile Group, Shervin Pishevar, ACME Capital, 137 Ventures
October 28, 2013	Series C	$200 mn	Sequoia Capital, Tuesday Capital, Founders Fund, A-Grade Investments
June 25, 2011	Series B	$112 mn	Sequoia Capital, Andreessen Horowitz, DST Global, CrunchFund, Jeff Bezos, Oliver Jung, Ashton Kutcher, General Catalyst Partners, Y Ventures, Tuesday Capital, SV Angel, GreyLock, Axel Springer Digital Ventures
November 10, 2011	Series A	$7.2 mn	Sequoia Capital, SV Angel, Greylock Partners, Ashton Kutcher, Jeremy Stoppelman, Elad Gil, Keith Rabois, Y Ventures, Dave Holmes
April 1, 2009	Seed	$600K	Sequoia Capital, Y Ventures
January 1, 2009	Pre-Seed	$20K	Y Combinator

Airbnb – Acquisitions

Airbnb has made around two dozen acquisitions and the most important ones were Hotel Tonight and Luxury Retreats. Here’s checking out the other acquisitions of Airbnb:

Acquiree Name	Date of Acquisition	Price
Accoleo	June 2011	–
CrashPadder	March 2012	–
DailyBooth	July 2012	–
NabeWise	July 2012	–
Fondu	October 2012	–
Localmind	December 2012	–
Pencil Labs	December 2014	–
Vamo	September 2015	–
Lapka	September 2015	–
Trip4real	September 2016	–
Luxury Retreats	February 2017	–
Tilt	February 2017	$50 mn
ChangeCoin	April 2017	–
Deco Software	May 2017	–
Trooly	June 2017	–
Accomable	November 2017	–
AdBasis	November 2017	–
Koko	November 2018	–
Luckey	December 2018	–
Gaest	January 2019	–
HotelTonight	March 2019	$400 mn
Urbandoor	August 2019	–

Airbnb – Growth

Started in a room in San Francisco, today they’ve their listings in over 1,00,000 cities around the world. Airbnb is one of such companies, which grew from nothing to a $30 bn firm in just 11 years.

The funding started to flow in gradually from $20,000 in the form of the Pre-Seed round to the highest amount of $1.5 Billion in Series G. The Covid-19 pandemic came as a terrible disaster to their business operation. However, when the company went public in December 2020, Airbnb made a remarkable achievement by entering a $100 Billion market valuation right on the first day of their IPO. The Airbnb share value surged to a record high of 113% from $68 per share to $144 per share. This was one of the highest first-day rallies in US history.

The number of guests going Airbnb has grown tremendously year on year. Where Airbnb saw around 540,000 guests on new year’s eve back in 2014, it welcomed close to 4.5 mn guests on 2019’s new year’s eve.

Airbnb New Year's Eve Guests Growth — Airbnb New Year’s Eve Guests Growth

Airbnb is nothing but an accommodation marketplace that provides access to over 6 million unique places to stay comfortably and at their leisure in nearly 100,000 cities and 191 countries. Interestingly, Airbnb also offers access to local communities and interests through more than 30,000 activities run by hosts across over 1,000 markets around the world so that you can be a traveler and not just a tourist. It entered India in 2016. Since its inception in India, the company has had around 45,000 listings with Goa being the most popular Airbnb haunt with 6000+ listings.

Airbnb has last been valued at over $75 bn in December 2020.

Airbnb – Awards

Airbnb won the ‘App’ award in the South by Southwest Conference in March 2011. Later in 2020, employee work satisfaction was analyzed through ratings and reviews, and Airbnb secured the Best Company Perks & Benefits award.

Airbnb – Competitors

Although Airbnb commenced its operation with a unique idea, they’ve gained a handful of rivalries as they grew by. Here are some of the top competitors:

Vrbo – Vrbo or Vacation Rentals By Owners is a subsidiary of HomeAway and focuses primarily on vacation rentals. HomeAway was later acquired by Expedia Group in 2015 and they provide a competitive environment to Airbnb.

FlipKey – FlipKey is another vacation rental site that provides a safe and easy marketplace for customers to find the best place of their choice. It is a subsidiary of TripAdvisor, a travel booking company.

OYO – OYO and Airbnb have a common goal but operate with different business models. Since Airbnb hasn’t rooted deeply in India, OYO stands to be their replacement and holds a good market position.

Airbnb – Future Plans

Airbnb aims to transform Travel into a Living. To achieve this, Airbnb introduced more than 100 upgrades and innovations to its existing services that ensure flexibility among hosts and guests.

Airbnb is keen on creating a new kind of travel for its guests in the post-pandemic situation. They recently launched 4 new property types namely, Vacation Home, Unique Space, B&B, and Boutique for a flexible user experience.

Brian Chesky said that Airbnb is concentrating beyond traditional connotations of work travel and leisure for its success in the future.

FAQs

What is Airbnb?

Airbnb is an online marketplace to connect people in need of accommodation with the people (host) who are willing to rent their home or space in a particular locality. The Airbnb founded date is listed as August 2008.

When Airbnb started?

Though the Airbnb idea was germinated in the minds of Brian Chesky and Joe Gebbia in 2007, it was only after Nathan Blecharczyk joined them in 2008 that the journey started for Airbnb. The company was founded in August 2008 by the Airbnb creators.

What is the Airbnb origin story or the story of Airbnb?

The Airbnb origin or the Airbnb story is closely connected with the Airbnb founder story, which began in 2007 when Brian Chesky and Joe Gebbia were roommates and they lacked the money that was due as their rent. While thinking about how they can pay their rent, they were to attend a design conference in San Francisco on the weekend, where they soon discovered that all of the hotels in SF were booked. This helped them with the idea that they also host some guests by themselves. In no time, Brian Chesky and Joe Gebbia arranged for 3 airbeds for 3 guests, which was the start of the hospitality business that would later be known as Airbnb. Soon they were joined by Nathan Blecharczyk in 2008 and Airbnb was founded.

How many users are using Airbnb currently?

There are over 4 Million hosts with 5.6 Million listings around the world. They’ve hosted more than 1 Billion guests so far.

What is the average earning of the host?

The all-time earnings of the hosts until October 2020 were recorded at $110 billion. The average earning of a host stand at $9,600 per year.

What is the commission rate charged by Airbnb?

Airbnb charges a 3% commission from hosts. Guests are charged typically around 14% for every successful transaction.

Who are the top competitors of Airbnb?

Some of the top Airbnb competitors in India are:

FlipKey
OYO
Vrbo
HomeToGo
OneFineStay
HouseTrip

July 23, 2022

Top 10 Beach Business Ideas | Best Beachside Business Ideas
Beaches are beautiful and almost everyone under the sun will agree with this fact. From entertainment, commerce, and transportation to recreation and relaxation, all purposes are fulfilled here. The point with beach business is that you have to be socially relevant and economically sound and aware to operate a business here. Also, beaches require you to have appropriate licensing requirements and be conformed to certain standards of quality, precision, and duties.

Most people opt for vacations and choose beaches for unwinding and spending time with family. This makes beaches one of those touristy places that have huge traffics and are characterized by on and off-season.

As an entrepreneur, you have the option of creating a business that fits with the lifestyle you want. And if you want to spend your days at the beach and earn money by dipping your toes into the water, here are some profitable beach business ideas for you.

Best Beach Business Ideas
Best Beach Business Ideas

Best Beach Business Ideas

The best beach business ideas that are profitable and equally interesting to do are listed below.

Food Shacks

Food Shacks – Best Beach Business Ideas

Beaches thrive on food. People who come to the beach, want to try all sorts of food from local cuisines to international dishes. Local food can be a great connector due to its ethnicity and it helps develop a bond with the customer. Shacks with good comfortable sitting and a variety of food options make one stand out. But you will have to face competition. So having a sector that stands out as a special attraction is important. You have to provide offers and properly market it with effective strategies.

Accommodation

Accommodation For Tourists – Best Beach Business Ideas

Accommodation is one of the major concerns of tourists, the hospitality industry is a great option for a new business. If you have the required capital, consider starting a hotel, guesthouse, motel, and so on. Starting a hospitality business is a great long-term investment for you, especially in the beach community. The value of real estate property is expected to increase drastically in the near future. So, now is the best time to get in.

Market size of the Hotel & Resort Industry Worldwide

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StartupTalkyAbhishek Gupta

Surf Shop

If you are planning to build your business around surfing beaches, then you can make money by opening a surf shop stuffed with various surfing equipment. Tourists and local people like to catch a few waves during their visit, but they usually don’t have all the necessary equipment. If you open a surf shop that provides surfing equipment, rentals and lessons, it will be a hotspot for tourists in both the summer and winter seasons.

Hostels

These are affordable options that work best on small tracts of land. They cater to mostly youth and those looking for budget travel options. Pricing is very important here as there is competition and also one has to offer allied facilities like Wi-Fi, food, walking tours, etc. to capitalize on the business. The facility has to be extremely hygienic as a number of people live there.

House-Sitting

House sitting Business- Best Beach Business Ideas

Many houses in beach communities are unoccupied during the winter season as they were deemed to be summer homes. So, during winter, the owners of these houses often aren’t around to take care of the place. You can allay the security fears of these homeowners by offering home-sitting services. Working as a house sitter requires little or no capital. And you will have a lot of business to do in the beach community.

Cruises

Beaches offer various options like cruises where people can enjoy a luxurious lifestyle. This is a high investment-based plan. For those who love meals on water, dinner cruises can be started with great lighting systems and good music. Pricing is pivotal here as there is competition in this field. One should effectively market well and create customized packages for target populations.

Rental Shop

Rental shop- Best Beach Business Ideas

A store that rents out scooters, bikes, bicycles, and boats can be very profitable in beach towns. Providing items at competitive rates and group discounts is a way to earn money. These are mostly in demand due to conveyance issues and for self-exploration. Distributing pamphlets, sticking posters, and effective advertising which catches the eye of commuters is important. Also, the quality, make, and type of vehicle plays an important role in making decisions.

Selling Local Merchandise

Most of the time, tourists buy local items to take back home. They are particularly attracted to items that are unique and are not available in their hometowns and cities. So, you can start a business that sells local merchandise and souvenirs to tourists.

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StartupTalkyAshwini

Cafe/Restaurant

While on vacation, tourists definitely want to have a feel of the food experience in beach communities. So, you can make a lot of money catering to this need. To survive the threat of competition, you need unique culinary abilities that can help you stand out. You can have different menus for summer and winter to ensure that people get exactly what they crave.

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StartupTalkyShubham Kumar

Fishing Tours

If you own a boat, you can turn it into a money-spinner. Most beach communities are fishing hotspots, and fishing is one of those interesting activities that tourists don’t like to miss while on vacation. You can offer fishing tour services taking people out to the reef. People will absolutely love the fact that they have a local guide who can take them to all the good spots.

Conclusion

Beach businesses are quite profitable. Some other beach business ideas include:
- Photography and Photo Booths
- Gift Shop
- Welcome Centres
- Boat Rentals
- Child Care
- Pet Boarding Business
- Travel Blogger
Beachside businesses thus offer valuable business opportunities. You need the persistence to work upon details and significantly create businesses that can sustain the wrath of competition. Although the seasonal crisis is huge and most businesses set up their price lists accordingly, that is, peak season and offseason.

FAQs

What are the most profitable businesses on beach side?

Some of the best beach side business ideas include:
- Food Shacks
- Accommodation
- Surf Shop
- Hostels
- House-Sitting
- Cruises
- Rental Shop
- Selling Local Merchandise
- Cafe/Restaurant
- Fishing Tours
- Photography and Photo Booths
- Gift Shop
- Boat Rentals
- Child Care
- Pet Boarding Business
What can you sell at a beach store?

Beach store is one of the best beachside business ideas. The best things to sell in a store on a beach are:
- Cold drinks
- Snacks like popcorn, nuts, chips, sweets etc.
- Sun block cream or spray
- Sunglasses
- Flip flops
- Swimwear
What is the growth of Food market in India?

The food service market in India is growing hugely. It is forecasted to be about $110 billion in 2025.

What kind of business is a beach resort?

A Beach Resort is a beachside business with accommodation and easy access to a private beach.

How is the Cruise business market?

The global cruise industry revenue is over 27 billion U.S. dollars.
June 14, 2022
7 Popular Furniture Rental Startups in India – 2022
Changing and moving is a part of life. With the rise in corporate culture, shifting has become more frequent among the youngsters.

Nowadays, people don’t settle in one place for their entire life. They tend to shift due to work, weather, or other reasons. When it comes to shifting, the first thing that gives a sense of stress is the shifting of furniture.

The process of furniture shifting can be prone to damage and also expensive. So, a great idea here is to rent furniture. This means you can keep and enjoy the furniture for as long as you like. Plus, you don’t have to worry about shifting, as you can return it.

In India, we have many furniture rental startups that make the process easy.

Furniture On Rent – A Concept Gaining Popularity
Furniture Rental Startups in India
1. Pepperfry
2. Cityfurnish
3. Rentickle
4. Furlenco
5. Rentomojo
6. Guarented
7. Voko
Conclusion
FAQs

About Furniture Rental Startups in India

Furniture On Rent – A Concept Gaining Popularity

In simple words, furniture renting helps you to enjoy good quality furnishings without a long commitment. It helps you to adjust to changing living situations.

If you are someone who keeps on moving from one place to another, this is the perfect choice for you. Buying furniture and moving it every time you have to shift can be troubling. This can lead to damage to some high-end furnishings. Also, shifting furniture is quite an expensive process.

So, you can find furniture as per your preferences and need anywhere. Then you can make payments monthly or for a whole year. In this way, you can have the furniture without any lifelong commitment to it.

Furniture Rental Startups in India

Gone are the days when people would buy furniture and settle with it for the rest of their lives. The youngsters nowadays don’t like such sort of commitments with anything.

They like the concept of moving, changing, exploring. Youngsters nowadays keep on moving for work, exploration, or adventure. So, furniture renting startups is a new go-to platform for many.

These startups enable people to order furnishings online. People simply have to pay rent for the time they need the furniture. When their need is over, they can send it back. This no long-term commitment is what is contributing to the success of many startups.

The following are some of the startups for renting furniture in India:

Pepperfry

Pepperfry – Top Furniture Rental Startup in India

Pepperfry is an online platform for all kinds of home furnishings shopping. It was launched in the year 2011. Its founders are Ambareesh Murty and Ashish Shah. The startup has its headquarters in Mumbai, India.

The Company is a one-stop platform for a wide range of home furnishings. Earlier, Pepperfry started as an online store for furniture. In 2017, the company expanded itself with a renting facility. Pepperfry has a wide expansion of its services in many cities of India like Chandigarh, Delhi, Hyderabad, etc.

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D2C industry is one of the leading and successful industries in India. So, Here’s a list of some of the top d2c brands in India.

StartupTalkyPratyusha Srivastava

Cityfurnish

Cityfurnish – Top Furniture Rental Startup in India

Cityfurnish, the e-commerce platform offers the facility of renting furniture. It was founded in 2015. Its founders are Neerav Jain, Saurabh Gupta, and Vinit Jain. The company is headquartered in Gurugram, Haryana, India.

Cityfurnish offers a wide variety of modern contemporary furniture. People can rent quality and durable furniture right from their homes. It offers services like free delivery and setup at home. They also offer free maintenance of the furniture.

An Indian startup, Cityfurnish not only offers services in Gurugram but also to other big cities.

Rentickle

Rentickle – Top Furniture Rental Startup in India

It is a startup for renting furniture. It launched in the year 2015. Amit Sodhi and Vineet Chawla are the founders. The startup has headquarters in Delhi.

The company’s main goal appears in its tagline. This is to help people turn their houses into homes. It has home furniture items, home furnishings, electronics, and other appliances on rent. The quality of the products offered here is exclusive with a wide variety.

This became so popular that it was able to gain more than 10,000 subscribers in its first two years. Since then, it has been a go-to stop for the people who wants to rent furnishings.

Furlenco

Furlenco – Top Furniture Rental Startup in India

This startup for renting furniture was founded in the year 2012. Ajith Karimpana is the founder of the Furlenco. The company has headquarters located in Bengaluru.

Here, people can rent a range of quality furniture like beds, dining tables, sofas, and also full room setup packs. The platform also offers great discounts on furniture to the customers.

Furlenco is in service in many metropolitan cities of India.

Furlenco- Furniture Rental Startup in India

Rentomojo

Rentomojo – Top Furniture Rental Startup in India

Another popular Indian platform for renting furniture is Rentomojo. It was established in the year 2014. Geetansh Bamania, an ex-IITM, is the founder of the startup. The headquarters of the company is in Bengaluru.

Rentomojo provides various categories of products. From furniture to electronics, the platform has everything for furnishing. The company also offers smartphones for rent.

The company provides services beyond Bengaluru as well.

Guarented

Guarented – Top Furniture Rental Startup in India

This is another popular startup in India for having furniture on rent. It was established in the year 2015. Its founders are Abhimanyu Dikshit, Harshwardhan Raikwar, and Prateek Agrawal. The startup has its headquarters in Bengaluru, India.

The company enables people can pay affordable prices and get durable quality furniture on rent. The idea is to cater to the needs of people who don’t want to own things. Also, the people who are always on a move or have troubles with finances.

On Guarented, you can find a great variety of beds, refrigerators, dining tables, mattresses, sofa, etc.

Voko

Voko – Top Furniture Rental Startup in India

Voko, the Indian startup for renting was established in the year 2016. Its founders are Bhuvnesh Sharma and Harsh Vardhan. Both of them were earlier employees at OYO. The company’s headquarters are in Gurugram.

The startup focuses on the needs of youngsters moving from one place to another. It has a variety of furniture, electronics, and other appliances. These include Television, fridge, beds, tables, etc.

Conclusion

With the advent of technology and digitalization, everyone wants everything on their phones. The lifestyle among the youngsters is getting more and more mobile. This mobility has given a boost to furniture rental startups.

The furniture rental startups enable people to find a variety right in their smartphones. They can browse from an endless range of variety and pay rent for it. These startups also offer discounts, free installation, and maintenance. In India, there is a rise in mobility and income among working professionals. This is an ideal atmosphere for furniture rental startups to grow more in the future.

FAQs

Which are the top furniture rental startups in India?

Top 7 Furniture Rental Startups in India are:
- Pepperfry
- Guarented
- Cityfurnish
- Rentickle
- Furlenco
- Rentomojo
- Voko
Can we rent furniture from Pepperfry?

Yes, Pepperfry provides furniture renting service since 2017.

Which are the Indian start up dealing in online furniture sales?

Some of the top Indian Startups that deals in selling furniture are:
- Pepperfry
- Furlenco
- UrbanLadder
- Zefo
- FurnitureRoots
January 17, 2022
Is Car Rental Industry Accelerating in India?
Just like other industries, the Covid-19 recession has crushed the travel and tourism industry and thus affected the car rental market in India. But with the increase in the vaccination drive and return to normalcy, the industry witnessed a surge in its service.

The car rental market is projected to reach US$1,973m in 2021 and is expected to show an annual growth rate (CAGR 2021-2025) of 12.38%, resulting in a projected market volume of US$3,147m by 2025, as per the reports of Statista.

Here’s what you need to know about the car rental industry in India.

Arrival of Technology-based Car Rental Services
Advantages of Car Rental
Major Players in the Car Rental Industry
Conclusion
FAQs

ZoomCar | Car Rental in India | Experience Shared

Arrival of Technology-based Car Rental Services

These days, it has become convenient for people to book or rent a car from anywhere via technology-enabled online car rental services that can be accessed with just a touch or tap of a button.

Today, everyone owns a smartphone and accessing such services seem as easy as pie. There are just three steps: Pick, check availability, book the car, and it’s done. Amidst the use of technology tools in one’s car rental business, the rental service option is holding rich potential for expanding services and improving access for many users all-round.

However, such online platforms have managed to speed up the growth of the Indian car rental industry and have also enabled several offline service providers to upgrade their business model and more importantly by following the digital route.

Advantages of Car Rental

1. Easy Access

With being the most eminent in the travel industry, Car Rentals offers the best automobile options based on customers’ requirements. From travelling to another city to being a part of a business meeting, car rental services surpass all expectations.

2. Liberty from repair and maintenance

The biggest advantage that rental cars have attained over personal cars is perhaps the relaxing guidelines for repair and maintenance. Most car rental companies have a basic protocol in case of any accidental damages caused to their vehicles by the customer, which involves the advance security deposit or minimal charges.

3. Cost-effective

Relatively speaking, the rental car industry is the economic hub, because of its dominance over personally owned cars, especially when it comes to being pocket-friendly. The travelling option is cost-effective allowing the customers to save more, at the same time offering a hassle-free experience.

4. Elasticity in vehicle hire option

A typical hatchback car can fit just 5 people. However, car rentals could be the best choice when it comes to travelling in a larger group. The majority of the car rental service providers allow the users to pick personalized cars as per their travelling needs. Although some have an in-house team of dedicated experts to assist customers to make a better selection of a vehicle based on their individual requirements.

Top 20 Effective Rental Business Ideas in 2021

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Major Players in the Car Rental Industry

Myles

Myles was founded in 2013 by Sakshi Vij. It is a leading self-drive car rental service provider in India. The cars offered by Myles range from economical hatchbacks to SUVs.

Myles Website

ZoomCar

ZoomCar is a car rental company that also started its journey in the year 2013. It allows the user to rent cars on an hour, day, week, and monthly basis. ZoomCar is headquartered in Bangalore and has spread its services in Pune, Delhi NCR, Mumbai, Chennai, and Hyderabad.

Zoomcar Business Model | How does Zoomcar makes money?

In the time of petrol price reaching sky high owning a car is not a wise choice. Here comes Zoomcar a successful car rental service.

StartupTalkyDev Gupta

Conclusion

The car rental industry has started accelerating in India amid the Covid-19 pandemic itself. The continuous upscaling of India’s vaccination drive and return to normalcy has fueled the demand volume of rental vehicles. People are getting more confident to step out of their homes and travel. The industry is expected to reach the pre-Covid-19 situation soon.

FAQs

What type of business is a car rental company?

A car rental company is a type of business that leases cars for a shorter duration of time like a few hours or a few weeks.

How much does it cost to rent a car in India?

On average, a rental car in India costs ₹2000 per day.

Is the car rental business profitable in India?

The car rental business in India can be quite lucrative and profitable if you learn what steps should be taken in order to maximize your odds of success.

Can I give my private car for rent?

Yes, you can give your car on a rent basis to the companies.

How big is the car rental industry?

The car rental market is projected to reach US$1,973m in 2021 and is expected to show an annual growth rate (CAGR 2021-2025) of 12.38%, resulting in a projected market volume of US$3,147m by 2025, as per the reports of Statista.

Who are the major players in the car rental industry?

The major players in the car rental industry are as follows:
- ZoomCar
- Myles
- AVIS
- S.s. Travels
- Ola Rentals
- Uber Hire
- Eco Rent A Car
- Sixt
September 8, 2021

Drivezy – Self-driven Cars at the Most Affordable Prices!

When it comes to automobiles, millennials today do not believe in ownership and maintenance of their cars and bikes. They believe in renting, using, enjoying, and being merry! Exploiting this insight merely on its merit, Ashwarya Pratap Singh, Hemant Kumar Sah, Abhishek Mahajan, Vasant Verma, and Amit Sahu started Drivezy in the year 2015.

Drivezy (formerly JustRide) is India’s largest marketplace for car and two-wheeler sharing. Through Drivezy, travelers can book scooters, motorcycles and cars from people living around them.

Drivezy – Company Highlights

Startup Name	Drivezy
Headquarter	Bengaluru, India
Sector	Automotive ecommerce, Rental
Founders	Abhishek Mahajan, Amit Sahu, Ashwarya Pratap Singh, Hemant Kumar Sah, Vasant Verma
Founded	April 2015
Parent Organization	Drivezy India Travels Private Limited
Website	drivezy.com
Contact	support@drivezy.com

About Drivezy and How it Works
Founders of Drivezy and team
How was Drivezy Started?
Drivezy – Startup Launch
Drivezy – Business Model and Revenue Model
Drivezy – Startup Challenges
Drivezy – Competitors
Drivezy – Funding and Investors
Drivezy – Growth
Drivezy – Future Plans

About Drivezy and How it Works

All in all, Drivezy is a car rental platform. Car owners can list their vehicles on Drivezy when they are not using it and the customers can rent it whenever they want to. It offers the following features to the users:

Bookings can be done on the website or from the mobile application.
18+ is the legal age to book bikes and cars on Drivezy.
The users can book the vehicles on an hourly, daily, weekly basis. They also have the option of fuel or no fuel vehicle bookings.
The security deposit on Drivezy is minimal. It can range from INR 0 to INR 999.
Drivezy provides its customers with home pickup service.
Drivezy releases instant payments to the car owners and refunds to the consumers in the given case.

Founders of Drivezy and team

The Drivezy founders are Abhishek Mahajan, Amit Sahu, Ashwarya Pratap Singh, Hemant Kumar Sah, and Vasant Verma.

Ashwarya Pratap Singh, Co-founder and CEO of Drivezy – Ashwarya is a graduate in Electronics and Communication Engineering. Also an alumnus of Y Combinator batch of 2016 and the first batch of Google Launchpad. He served as a mentor at Launchpad during his post-Graduation.
Hemant Kumar, Co-founder of Drivezy – Before launching Drivezy, Kumar was an application developer at Service Now and a senior consultant at Oracle India before that. Kumar has graduated in B.tech from MNNIT.
Abhishek Mahajan, Co-founder of Drivezy – Graduated from IIT Bombay, Abhishek was an Associate Consultant at PwC India. He is also a CFA Level 2 candidate.
Vasant Verma, Co-founder and COO of Drivezy – Before Drivezy, Verma worked as a global market analyst at Nomura. Vasant Verma has a graduation degree in B.tech from MNNIT.
Amit Sahu, Co-founder of Drivezy – After graduating from the MNNIT, Allahabad, Sahu worked as a vehicle testing engineer in Honda R&D India Dept. Performance testing of Various cars would fall under his domain. After this, he went on to work at Drivezy.

How was Drivezy Started?

It all started when one of the co-founders Ashwarya Singh bought a new car that met with an accident in the early days itself. Singh didn’t use the car so much but still considerably spent a chunk of his salary in the maintenance of the car. This got him thinking about creating a platform where one could rent cars.

There was one more thought that drove the inception of Drivezy, then justride.in, that the majority of people in India can’t afford to buy cars. He then went on to discuss this idea with his college friends, now the co-founders and launched Drivezy in 2015 in Bangalore.

Drivezy – Startup Launch

Drivezy was previously called Just Ride. In 2017, the team thought of adding bikes to their range of products to expand and increase their user base. Drivezy works on a model where the ideal cars and bikes of the owners are listed with them and the vehicle owners can generate cash even when they are not using the bikes or cars. The individual owners of the commercial vehicles are also registering with Drivezy to make money.

Drivezy – Business Model and Revenue Model

The Drivezy business model works on commission. Drivezy lets the vehicle owners list their vehicles on their mobile applications. The company takes roughly 20-25% of the revenue pooled from renting this vehicle.

Drivezy – Startup Challenges

The first and foremost hurdle for Drivezy was the trust issues amongst the vehicle owners. They wouldn’t just rent their cars to random strangers. Though Drivezy provides guarantees, aggregator model, a peer-to-peer sharing model, and background checks of the users, this is a major challenge in the Indian markets.

The second hurdle was difficulty in leasing and buying of cars due to the financial problems.

With the onslaught of the coronavirus pandemic, most of the businesses that relied on transport and communication, and mobility found themselves on unstable grounds. Drivezy is not an exception and therefore, after bearing with the economic downturn for over a year, the Bengaluru-based car and bike rental startup has finally decided to be acquired by Yamaha. The size of the acquisition will range between $45-50 million, as per reports.

Drivezy – Competitors

Drivezy cars kind of operates in a perfectly competitive market. There’s immense competition in the market with major players having massive market standing. Drivezy in totality competes with taxi aggregators and ridesharing startups like Ola, Uber, Bounce, LetsRide, PoolCircle, ZoomCar, Carzonrent, Wunder, and Ryde among others.

Drivezy – Funding and Investors

When it comes to funding, Drivezy has raised a total of $149.3M in funding over 10 rounds from various investors including Das Capital, Axon Partners, IT-Farm, Yamaha Motor Ventures, and Y Combinator, among others.

Here is a list of all the funding rounds of Drivezy:

Date	Stage	Amount	Investors
August 2015	Angel Round	$1 million	Anirudh Damani, Alok Mittal, Niraj Singh
November 2015	Seed Round	$2 million	–
March 2016	Series A	$400K	Dheeraj Jain
August 2016	Venture Round	$120K	Y Combinator
November 2016	Venture Round	$3 million	Susa Ventures, Kima Ventures, Axon Ventures, SCM Holdings and ITFarm from Japan
October 2017	Venture Round	$10 million	Das Capital
February 2018	Initial COin Offering	$5 million	Susa Ventures, Kima Ventures, Axon Ventures and other exiting investors along with other HNIs from Japan and Singapore
April 20, 2018	Second Round of Initial COin Offering	$8 million	Susa Ventures, Kima Ventures, Axon Ventures and other exiting investors along with other HNIs from Japan and Singapore
November 2018	Series B	$20 million	IT-Farm, Das Capital, Yamaha
November 2018	Debt Financing	$100 million	AnyPay

The company, since inception, had raised total funding of $49.45 million before closing the huge asset financing deal. In 2018, Drivezy secured $100 Mn in an asset financing deal with which the Drivezy team plans to induct close to 50,000 vehicles. The company had raised an amount close to $149.3 million.

Drivezy – Name, Tagline, and Logo

The company’s tagline is “Drive It Like You Own It!”

Drivezy Logo

As pioneers in the Indian self drive car rental industry, the company believes in the mantra- “Why buy a car, when you can rent one?”.

Drivezy – Growth

Drivezy’s growth is coming at what seems to be a key inflection point for the transportation industry. The company claims to have a customer base of about 1.5 million registered users and with around 93% of them coming from the 18-35 age bracket. Cofounder Ashwarya Singh told that it has processed over 4 lakh bookings, and has 500 employees in 11 cities.

Operating cities- 21 cities of India
Average monthly customers- 2,00,000
Average monthly pending requests- 2300
Average monthly revenue- $150,000
Average monthly GMV- $950,000

The company earns a 15-30% commission for every successful transaction. In FY18, it clocked a GMV (Gross Merchandising Value) of $32 Million, growing by 200% since 2017.

Drivezy – Future Plans

Drivezy clocked gross sales of $32 million in 2018 and is targeting $80 million in 2019. Besides this, the company plans to launch in the US by starting with a fleet of 200 cars in San Francisco. Drivezy also plans to lunch its operations in Southeast Asia soon.

Frequently Asked Questions – FAQs

How does Drivezy work?

Car owners can list their vehicles on Drivezy when they are not using it and the customers can rent it whenever they want to and they will be required to pay a nominal amount for every km travelled. The user will get the vehicle with full fuel tank and He/She has to return it with the same fuel level.

How much can I earn with Drivezy?

Drivezy claims that owners can earn up to INR 30,000/month by leasing out their vehicles.

Who are the Drivezy owners?

The Drivezy founders are Abhishek Mahajan, Amit Sahu, Ashwarya Pratap Singh, Hemant Kumar Sah, and Vasant Verma.

July 6, 2021

GrabOnRent – Renting Furniture Online made Easier and Better!

The whole millennial generation today is all about renting rather than owning! Right? Be it shared cabs, carpools, co-working spaces, or renting home accessories, millennials are up for it. And following that premise, IIT-Guwahati graduates – Manish S. Sugandhi, Shubham Jain and Aditya Sharma launched GrabOnRent in the year 2015. Read this article to know more about GrabOnRent founders, competitors, funding, growth, wiki, and future plans.

GrabOnRent attempts to promote optimal utilization of the products by offering flexible rental times. This means that you can rent the item either on an hourly, daily or monthly basis.

GrabOnRent – Company Highlights

Startup Name	GrabOnRent
Headquarter	Bengaluru, India
Sector	E-commerce
Founders	Aditya Sharma, Manish S Sugandhi, Shubham Jain
Founded	2015
ShutDown on	September 2020
Legal Name	Grabonrent Internet Private Limited
Website	grabonrent.com

GrabOnRent – About and How it Works
GrabOnRent – USP and Innovation
GrabOnRent – Founders and Team
How was GrabOnRent Started?
GrabOnRent – Startup Launch
GrabOnRent – Competitors
GrabOnRent – Funding and Investors
GrabOnRent – Growth
GrabOnRent – Future Plans
GrabOnRent – FAQs

GrabOnRent – About and How it Works

GrabOnRent is ideally a product rental marketplace that aggregates various vendors in the market who own brick-and-mortar shops for rentals to the buyers on the platform. The idea of the co-founders behind GrabOnRent is to provide accessibility of the home products like furniture and other categories to everybody irrespective of their capacity to buy it.

GrabOnRent helps its users in renting products online across 8 major categories namely furniture, appliances, event supplies which includes lights, sound systems, etc, bicycles, cameras, gaming consoles, party items like hukka, barbeque, etc, and adventure gear. Also, it essentially enables the renting of cool gadgets such as Pebble Smartwatch, Kindle e-book readers, and Hoverboards. GrabOnRent has a provision that allows the buyer to try the product before buying for a minimal amount.

GrabOnRent summer advertisement

GrabOnRent follows a clear methodological bucket system to address the concerns of a wide population like in India. These four buckets are as follows:

Discoverability – This bucket is all about creating awareness in the market and amongst the target market allowing them to browse the possible and available products on rent.
Quality Assurance in refurbished products – This bucket stands in the list to improve the ‘sticky-ness’ towards the service GrabOnRent is providing and also gain the loyalty of the suppliers who have recurring customers due to the consistently improved quality.
Convenience – This bucket includes online payment mechanisms (or COD) and effective logistics service, to and fro so that seamless experience can be provided to the consumers.
Trust – This bucket involves dealing with a much-specialized product rental firm against vendor forms the basic layer of trust apart from the combination of quality assured products and supreme customer service to the users of GrabOnRent.

GrabOnRent Logo

Things work pretty simply on GrabOnRent. All the users need to do is browse through the superiorly extensive array of products, then select the item they want to buy and go on to make the payment online towards the rent and security deposit. The item gets delivered to the user’s doorstep, without any further delay.

Each item at GrabOnRent passes through a very strict and stringent quality check before getting shipped to, therefore, ensure the best of services to the users. Post usage, the item gets picked up from the doorstep and the security deposit is returned online after verification and quality check of the used item.

GrabOnRent – USP and Innovation

GrabOnRent has essentially tapped into the market that is being brought by the constantly shifting millennials of the current generation. These millennials do not care that much about putting down roots as the generations before them.

Moreover, this saves them a lot of money as well so obviously, this seems like a better option to them. On GrabOnRent’s website, the users can rent products as per their convenience, be it for an hour or a day or even for months and years. The interesting part is that both refurbished and new products are listed on this website.

GrabOnRent – Founders and Team

The founders of GrabOnRent are Manish S. Sugandhi, Shubham Jain and Aditya Sharma.

Shubham Jain is the Co-founder and CEO at GrabOnRent. An IIT Guwahati graduate, Shubham has earlier co-founded Trip Engineers. Before GrabOnRent, he was working with Perdix Business Solutions as the Head of User Experience.
Aditya Sharma is the Co-founder and CTO at GrabOnRent. Again, graduated from IIT Guwahati, Aditya was a senior R&D Engineer at Hewlett-Packard before launching his current venture.
Manish S. Sugandhi, Co-founder of GrabOnRent – This venture is not Manish’s first. Before this one, he had co-founded Perdix Business Solutions and was a Business Analyst at Flipkart. And Manish is also an IIT- Guwahati graduate.

How was GrabOnRent Started?

Everything around GrabOnRent started during one of the founders’ own crises moments. And that’s exactly when the idea for GrabOnRent struck them. So it happened so that they had to organize a barbecue for a party one evening, and they ended up having a tough time just to find out where to rent it from.

And they finally decided to buy a new one because there seemed to be no way they could avail it on rent. This particular experience drew the founders closer to the tremendous amount of hassles people face while renting objects, and this triggered a new idea.

GrabOnRent – Startup Launch

“As the idea for GrabOnRent started taking shape and we were drawing out a plan of action, we had some reservations – what should be our target group, should we launch a fully functional product or a hacky one, which categories to start with, should we introduce an app-only model or an app-website model, etc”, says Shubham Jain, co-founder of GrabOnRent.

The founders then finally decided to keep the ever-increasing questions aside and they moved forward to launching their venture. Hence, GrabOnRent was launched with two preliminary categories in Bangalore. And to reach out to the target audience, the team started distributing pamphlets and as a result of which they also got the first few clients in the first week itself. All of this was followed by the fairly good inflow of orders, positive customer feedback, and guidance from industry leaders, GrabOnRent paved its way forward to the successful journey of building a startup.

GrabOnRent – Competitors

Grab On Rent competes with other startups in the space like Rentomojo, Rentwala, Rentongo, Rentmasti, RentSher, etc. However, GrabOnRent is perceived to have only two of these startups as its real competitors. They are Furlenco and Rentomojo. Grab On Rent considers these two as competition for the simple reason that these startups have huge amounts under their kitties. Amongst these, Furlenco is into the opulent furniture segment and Rentomojo is dealing with furniture and appliances and both of these hold inventory whereas GrabOnRent doesn’t.

GrabOnRent – Funding and Investors

The funding amount of GrabOnRent stands at $3 million.

Date	Stage	Amount	Investors
June 2016	Seed Round	$1 Million	IvyCap Ventures, Unicorn India Ventures
June 2017	Venture Round	–	IvyCap Ventures, Unicorn India Ventures
April 2018	Venture Round	$2 Million	IvyCap Ventures, Unicorn India Ventures

GrabOnRent is funded by 2 investors – Unicorn India Ventures and IvyCap Ventures.

GrabOnRent – Growth

Serves more than 35,000 customers
The average ticket size of INR 1800
The average rental duration is about 12 months
Team size of 103 across four cities
Currently active in four cities- Bangalore, Hyderabad, Mumbai, and Gurugram.
Sells more than 500 unique products across 8 different categories

GrabOnRent – Future Plans

“Moving ahead, some of our plans are – We are strongly focused on expansion, and have immediate plans to launch our services in Pune, NCR region and Chennai. We wish to increase awareness about our platform and have more and more people use our services for renting purposes. Our target is to have around 2 million customers by the end of 2020″, concluded Shubham Jain, co-founder of GrabOnRent.

However, sadly GrabOnRent Shut down their operations in September of 2020. It might have been due to their inability to raise more funds, being ahead of their time or them losing the trademark infringement case by GrabOn It could be a culmination of all three.

GrabOnRent – FAQs

What is GrabOnRent?

Does GrabOnRent own the products?

GrabOnRent doesn’t own any of the items. It is a marketplace, wherein based on the customers’ choice it collects the product from the vendor and delivers it. After the completion of rental tenure it returns the product back.

Who is the founder of GrabOnRent?

The founders of GrabOnRent are Manish S, Sugandhi, Shubham Jain and Aditya Sharma.

What is Rent-to-Own?

Rent-to-Own is a specially designed program. Wherein You can try the products by using them on rent and if you love them so much that you can’t live without them, purchase them from GrabOnRent at special discounted prices that are pre-defined.

Is it better to buy or rent furniture?

Buying your own furniture is an expensive process, requiring a high amount of money that requires to be paid up front. Whereas the key benefit of renting furniture is the fact that only a negligible amount is paid up front, with a reasonable rent to be paid monthly.

Has GrabOnRent Shut down?

Yes, unfortuntely, GrabOnRent has to shutdown operation in September of 2020.

April 15, 2021

Fabrento—Online Furniture Rental Services

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

The society and the world have welcomed the idea of shared economy. Today’s youngsters have understood the many benefits of sharing and renting rather than buying. It saves time and money and that is why we see a rise in car rental services, shared apartments and holiday homes, rented outfits and so on.

Sidhant Lamba had witnessed some major problems people face when it comes to their struggles with furniture. The buying prices are always high and there is tons of difficulty in selling used furniture. When someone wants to move or simply change the style. For those who are moving often for jobs have to take out additional time and bear the cost spent to move bulky furniture which in many cases arrives damaged. People also get stuck with old-fashioned furniture which doesn’t go with their home décor. Some people need temporary furniture but don’t want to buy them and so on. Fabrento wants to solve all these problems and then some more with free delivery, setup and installation.

Fabrento provides Furniture and Appliances on rent in Delhi, Bangalore, Mumbai, and Chandigarh. Read about Fabrento Company Profile, Revenue, Founders, Business Model, Logo, Growth, Funding, How it works, products etc.

Fabrento – Company Highlights

Startup Name Fabrento

Headquarter Delhi, India

Sector Furniture Rental

Founder Sidhant Lamba

Founded 2016

Website fabrento.com

Contact Email hello@fabrento.com

Fabrento – About and How it Works
Fabrento – How it Started?
Fabrento – Founder and Team
Fabrento – Products/Services
Fabrento – Target Market Size
Fabrento – Startup Launch
Fabrento – USP and Innovation
Fabrento – Name, Tagline and Logo
Fabrento – Business Model and Revenue Model
Fabrento – User Acquisition and Growth
Fabrento – Startup Challenges
Fabrento – Funding and Investors
Fabrento – Advisors and Mentors
Fabrento – Future Plans
Fabrento – FAQ’s
Fabrento – Conclusion

Fabrento – About and How it Works

Fabrento is a startup headquartered in Delhi which provides furniture rental for homes. They also deals with electronic appliances, started rental of furniture for offices, created Fabevents which Rents furniture for corporate and celebratory events. They have even launched a premium range for the very well heeled who want to live with luxury.

Fabrento aims to become one of the most successful furniture and appliance rental company in India. Since their sister company manufactures majority of the furniture, Fabrento has the firm belief in providing excellent quality and beautiful furniture to provide their tenants a tasteful home.

Evolution and change is very important but you can’t lose your core business if you believe in it. Alongside quality of delivery and service is key in any service providing business and Fabrento aim at excelling in that.

The online website and soon to be launched mobile Apps of Fabrento are designed in such a way that anyone can navigate it and rent functional and sleek furniture in just one tap. Their affordable rental prices ensure that renting furniture becomes extremely cost effective as compared to shelling out big bucks to buy bulky furniture.

Fabrento – How it Started?

Fabrento was started with the main goal of converting consumers’ dream homes into reality.

Mr. Sidhant Lamba, Founder, Fabrento has always been passionate about décor and furnishing. He was keen on bringing the latest furniture designs into people’s homes and offices. However, every time a new model of furniture hits the market, it is not at all a feasible option to buy it.

Because of this, many and especially millennials, fall behind to create that impressive first impression through their home décor. Furniture renting is already a lucrative business oversees and this inspired the birth of Fabrento to cater the to the millennial market of India.

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Fabrento – Founder and Team

Fabrento was founded in 2016 by Sidhant Lamba.

Sidhant Lamba, Founder of Fabrento

Sidhant has always been someone to think out of the box. He has done his graduation from Apeejay Institute of Design in Bachelors of Interior Design. Following this, he acquired a Master’s from Regent’s University London in International Business.

He has further finessed his studies through studying Interior Decoration from Inchbald School of Design, London, Alongside Art Markets from Sotheby’s Institute of Art, London and Lighting Design course from Chelsea College of Arts, UK. He has also studied Digital and social media marketing from Dubai.

He started his career through family business, The Continental Group, which is providing interior solutions since the 1940s. He added the business of a luxury furniture store which sold furniture fashioned and manufactured by the company alongside many brands from Europe and south east Asia.

In 2016, Fabrento became the precious product of his education in interior designs and international business and his experience in the field.

Fabrento has an exceptional team of IIT graduates at the supervisory, operational, management level and advisors with 40+ years of experience in the furniture, design and business industry. They all bring their unique ideas and knowledge on the table. This is why Fabrento furniture is designed with extreme skill and care. All the rented items are at their highest quality and are functional to suit customers of all backgrounds.

Fabrento – Products/Services

Fabrento has a vast array of furniture. They offer both package deals as well single pieces. Under bedroom category Fabrento provide single and double beds, king and queen size beds, beds with and without storage, wardrobes, dressers, study tables, etc. Customers can decorate their living space with their unique sofas, coffee tables, recliners, TV units, and multi-purpose storage units.

Fabrento Beds

Apart from these, Fabrento also offers furniture for dining area, appliances, and home office, kid’s furniture and even art and accessories.

Fabrento further offers complimentary cleaning and maintenance visit every 6 months to keep the rented furniture in their best condition. Under the relocation offer, they transfer all the rented furniture from one place to another within the city, without engaging any extra charges.

Fabrento – Target Market Size

Major cities such as Delhi, Mumbai, and Bengaluru etc. have witnessed a surge in furniture renting. Researches state that about 65% of India’s population is between the age of 18-35. Out of these, 150 million people live on rent in the Tier 1 and Tier 2 cities of the country and they are turning more towards furniture renting.

“We expect that with the increasing urbanization, rising trend of nuclear families, and expanding working population, Fabrento will continue to witness demands.”, says Sidhant Lamba.

This demand is expected to rise in future as the furniture rental market is growing at a robust rate over the period of 2017 to 2024. In India alone this market has been calculated to be about $800-850 Million. A PricewaterhouseCoopers report shows that the rental market will touch $335 billion by 2025 globally.

Fabrento – Startup Launch

Lamba came across the idea when a friend very easily rented furniture helping his brother set up home in New York. Of course furniture has been rented for events and in an unstructured way for many years in India but to be able to develop a tech platform serving as a virtual store seemed very appealing.

“As an interior designer who wanted to dabble in a tech space this seemed like a great fit.”, added Sidhant.

The journey of ideating and designing involved hours and days and months of research of the kind of brand he wanted Fabrento to be and what they wanted to be perceived as.

Designing is the part Sidhant loves whether it’s interiors or graphics. He is blessed to have an incredible team who understand our vision and help rectify it when anyone in the team is going off track.

Initial people they spoke to were bankers- very important as they have to believe in the vision for if one were to borrow money. Then millennials through surveys, and met with industrialists in ranging fields with vast experiences to pick their mind about how to set Fabrento off the ground.

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Fabrento – USP and Innovation

It is true that there are a few furniture renting service providers in the market. However, what makes Fabrento unique and ahead of the race is the feature of customizing office furniture to rent to match their décor and style. This special service of personalizing their products to meet the rising demands of the clients has been a feature that no other rental furniture company has undertaken to date.

Fabrento’s Croisees Study Table

Fabrento has now partnered up with co-living establishments in order to provide the most comfortable, functional and stylish furniture for the students and young professionals.

Alongside Fabrento has one of the largest collection of beds which is essentially the most important part of your home as you spend almost half your life in your bedroom.

From a business point of view, Fabrento manufactures most of their furniture in their sister companies plants on their specifications. So, remodeling and renovating it to new for the next clients in easier for them as compared to the peers.

Fabrento – Name, Tagline and Logo

Fabrento just poses the two words ‘fabulous’ and ‘renting’. This name has been selected to send out the message that this company is ready to provide their customers fabulous furniture at fabulous prices.

Fabrento Logo

It is important for them to see that their consumers rent their dream furniture and décor without burning a hole in their pocket. Added benefit is that it’s easy to write, easy to pronounce and easier to remember.

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Fabrento – Business Model and Revenue Model

Fabrento create and design most of their furniture by their teams and in the factories of continental. This is to make sure that the customer gets high end products which then can be refurbished and altered as per the demand in the next cycle in their own repair centers.

This flexibility makes their rented furniture last longer than the rest. The economic inflation works in their favor as it creates more market for rentals. Customers can also swap their furniture according to their need and taste.

Fabrento – User Acquisition and Growth

It took them a long time to devise a marketing strategy. Fabrento as a company believe in the correct spend and not unnecessary spend as it’s easy to get into a rut of brand building exercise which can lead to incorrect and unpalatable spends.

They use a combination of digital marketing on google, social media marketing on Facebook along with maintaining hygienic social media presence for user acquisition. Forming healthy and strategic alliances are key in marketing and mutually beneficial marketing with different publications is a must.

Through media coverage, Fabrento has started to spread the news of the company and the blog Fabrento News. Prestigious newspapers such as Economic Times, The Quint, Indian Express, Business Standard, The Hindu and many more has taken up the story of Fabrento and has spread awareness about their products, events and services among the people. They also have an excellent social and digital media outreach plan which helps them spread awareness and brings large orders of homes.

The growth rate is reflecting the success, with Fabrento’s revenues growing at the rate of 2.5 to 3 times on YOY growth scale.

Fabrento – Startup Challenges

One major challenge in the field of furniture renting is really the lack of awareness. Fabrento wants to spread more awareness among the masses to let them know the wonderful option of renting furniture. They no longer have to shell out big bucks and buy their favorite piece of home décor.

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Fabrento – Funding and Investors

Fabrento’s initial investments were INR 15 crores. They had a major economic support by their sister groups and also had the assets structure to support the start up.

Fabrento – Advisors and Mentors

Mr. Sanjiv Lamba – The founder’s father and Kavi Ghei who is an illustrious investor in many different fields of business are the advisor of Fabrento. Alongside Mr. Aditya Gupta who is an investor and owner of Gems capital investing in many start ups is also mentoring the startup.

Fabrento – Future Plans

They are hoping to reach new milestones in the future. They definitely want to add more cities such as Hyderabad and Chennai and want to create a presence in Gujarat. Additionally they want to continue collaborating with different businesses and establishments who are in want of their products.

They have also launched Fabevents in Delhi and Punjab. This is rental of furniture and accessories for the the evergreen wedding market and celebratory events. Alongside they have created furniture for corporate events for businesses and want to expand this segment to other places in India. They want to concentrate on small offices which they can customize too.

Fabrento – FAQ’s

What is the minimum period of subscription?

The minimum period of subscription is 3 months. You can also opt for 6, 9, or 12 months of tenure.

When should I pay the rent? What if I get delayed in the process?

You are required to pay the monthly rent before the 5th of every month. The first month’s rent is adjusted according to the date of delivery. After the due date, you’ll be charged a 1.5% interest rate until the monthly rental is paid.

What are the payment methods available for paying the deposit and rent?

The deposit is to be paid online while booking your subscription. This deposit will be refunded if you cancel your order before 2 days of the delivery or after your rental tenure ends. For monthly rentals, Fabrento will send you an invoice with a payment link on your registered email id. Payment can be made via net banking, credit/debit card.

What extra benefits can I avail for renting the furniture for a longer time period?

The company aims at making its customers happy with its service. You can avail offers for your rental subscription by calling on 01139585883 with the companies customer experience team.

Can I pay upfront for my rental tenure?

Yes, you can. Additionally, you will be getting an extra discount upon paying upfront for your subscription. Just write to support@fabrento.com or call on 011 39585883. They’re happy to serve you.

Fabrento – Conclusion

Fabrento offers services for both businesses and Individual Customers. The company is aiming at creating a dream home into a reality in just one click on your phone. It provides services that have access to state-of-art home furniture, office furniture, home appliances & accessories for rent at affordable rental prices with free delivery, setup & installation. The company is funded by Continental Group which is a leading player of turnkey interior & furnishing solutions with over 60 years of experience in the country. The strength of Fabrento is it has the widest range of products which its customer can choose to rent. The company is largely focused on providing its users the finest quality, customized solutions, and a good experience to its customers.

April 12, 2021

Startup Name	Fabrento
Headquarter	Delhi, India
Sector	Furniture Rental
Founder	Sidhant Lamba
Founded	2016
Website	fabrento.com
Contact Email	hello@fabrento.com

Tag: rental startups

42 Automobile & Car-Related Business Ideas to Start in 2025

Automobile & Car Business Ideas

1. Open an Auto Interior Shop

2. Lubrication Oil Retail Shop

3. Electric Vehicle Charging Station

4. Automobile Franchises

5. Car Wash Business

6. Trucking Business

7. Packers and Movers

8. Automobile Spraying & Branding Workshop

9. Sale of Motor Vehicle Insurance

10. Auto Locksmith Business

11. Vehicle Licensing Brokerage Service

12. Tire Store Retail Business

13. Food Truck

14. Battery Reconditioning Business

15. Rental and Ride-Sharing Cars

16. Automobile Magazine

17. Vehicle Review Blogging

18. Mobile Windshield Repairing

19. Airport Bus Shuttle Service

20. Auto Accessories Store

21. Aviation Fuel Supply

22. Exporting Automobile Parts

23. Auto-Body Store

24. Tow Trucking Service

25. Automobile Repair Service

26. Driving School

27. Restoration Business

28. Courier Service

29. Dump Truck/Waste Disposal Service

30. Limo Service

31. Mobile Mechanic Service

32. Multi-Storied Parking Lot

33. Used Car Shop

34. Vehicle Service on the Move

35. Women’s Cab Service

36. Auto Detailing

37. Body Shop

38. Car Hire

39. Car Export

40. Auto Oil Change

41. Car Window Tinting

42. Car Finder Service

Conclusion

FAQs

What are the top automobile companies in India?

Which car business is most profitable?

What are some of the common automotive industry jobs?

How is the vehicle industry growing?

Is starting a tow truck business a good idea?

What are some lucrative automotive franchises in India?

How to start automobile business?

List of Top Rental Startups in India

List of Top Rental Startups in India

Vehicle Rental Startups in India

Myles

Zoomcar

House Rental Startups

Housing

Fairpockets

NoBroker

RentRoomi

99acres

Magicbricks

NestAway

Room rental Startups

Airbnb

OYO rooms

TRIVAGO

Medical Equipment Rental Startups

PrimedeQ

Portea

Conclusion

FAQs

Which are the top Rental Startups in India?

Which are the sites for rental homes in India?

Is Zoomcar a good option?

Which is the site to sell property in India?