RentRoomi - Gives You a Chance to Choose Your Own Room Partner
“We plan to keep growing aggressively in the Rental domain, and removing a lot of friction from rental facilities. There are multiple other features & product lines that we want to bring to further improve our today’s youth life and aid in more hassle free easy life."
Things that used to be unimaginable some 10 years back are now happening in front of us..!! Who must have thought of online shopping or hiring a cab just with a click? And now even finding a roommate or a shared accommodation is a click away.
Rajasthan based startup RentRoomi that was founded in November 2015, is a customized platform that helps users to give or take a room on rent (In an already occupied flat) and helps select a room based on price/locality/other amenities provided by the RentRoomi.
The platform not only allows users to select the room based on price or locality but also informs about other amenities provided with the flat/room. With the help of RentRoomi, users can also get acquainted with fellow flat mates, & then choose whether the room is suited to their requirements or not. The startup has created a direct channel between the tenant & tenant, helping them communicate directly, eliminating middlemen from the process.
The growth of the online rental business is India has gone through many ups and down since its inception. Market leaders like Sulekha, 99 acres, MagicBricks and Housing.com’s unique platform, simplified the search of the perfect home. But the success they enjoyed for years took a hit in 2015, with companies restructuring, mass firing and even some of them shutting the doors to curtail losses. This scenario evoked the demand of a technology that goes beyond listing properties and provided a holistic solution of finding the perfect home for oneself, widely known as shared accommodation. RentRoomi is different from other classified websites because it offers the user to choose the right kind of roommate basis on preferences, demographic and geographic analysis.
“As it acknowledges the competition in the online renting space from established market leaders, we at RentRoomi are optimistic of its growth. Metro cities are attracting single working and educational class youth in the prospect of a better life and this has created a huge demand for rentals. Though existing players are offering rental properties, they are lacking a personal touch. This gap is bridged by RentRoomi, which helps you to foresee and decide the person you will be sharing your room with. The model right now aims to generate revenue through added services like Google ad-sense, In future additional value-added services will be segmented that will also be an interesting part for youth. The core website will always remain free for to create listing or looking for occupancy in an already occupied apartment,” said Nitin Sharma, Founder, RentRoomi.
RentRoomi is currently bootstrapped by the founder only. The startup is working on freemium model as of now. Revenue will be generated through its upcoming programs like by affiliate marketing, primary revenue modules from user base etc.
Speaking about RentRoomi’s future plans, Nitin said, “We plan to keep growing aggressively in the Rental domain, and removing a lot of friction from rental facilities. There are multiple other features & product lines that we want to bring to further improve our today’s youth life and aid in more hassle free easy life. We are also looking to expand internationally once we have sufficient scale since the technology we have built has use cases in many other countries too.”
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