RentSher – a leading online product rental marketplace and aggregator for event service providers is on an expansion spree and has announced plans to foray into newer markets. After catering for last 1 year to Bangalore and Dubai markets, it is geared up to launch services in Delhi-NCR, Hyderabad, and Mumbai. It will initially focus on catering to the demand for event-related services and rentals, electronic rentals, and medical equipment rentals. This is in response to the 30-40 queries it receives daily from these geographies. For various rental products that are already existing on platform.
The high demand for rental services in these areas is not surprising. In each of these cities, the events rentals market has been pegged at around INR 80-100 Cr annually, while showing double-digit growth due to rising individual disposable incomes and also business events. Mumbai, with its fast-paced lifestyle and focus on theatre and Bollywood, is considered the heart and soul of the event rental industry. Delhi-NCR’s growing population is constantly looking for items and services on rent. Hyderabad’s growth into a major metropolitan city and its burgeoning startup scene is driving demand for equipment and infrastructure rentals, another key rental vertical. RentSher will be offering complete event support for a variety of requirements – rentals for intimate birthday parties to glitzy corporate events will be available now in these cities. Further, the electronics rentals will cover A/V equipment like projectors, audio systems, and LED displays, and the platform will even offer complete workstation equipment on a rental basis with laptops, desktops, and servers at attractive rates for individuals, corporates, or startups.
Commenting on the launch, Harsh Dhand, CEO and Co-founder, RentSher, said, “RentSher has a simple mission – to provide a win-win solution to our customers and suppliers. By offering unbelievable prices and taking care of the logistics for both ends of the transaction, we are providing end-to-end support and a high degree of flexibility. For us to provide that, we need to establish a presence and infrastructure in a new market, which is what we are doing in these cities today. I am sure that several thousands of people will find our services and products useful, as they have in Bangalore. Our 2018 plan is simply to have the RentSher service provided from ‘Namma’ Bengaluru and ‘Spiraling’ Dubai to ‘Aamchi’ Mumbai to ‘Saddi’ Dilli and ‘Nizami’ Hyderabad.”
With many of RentSher’s vendors offering their services across different cities, the platform has a strong working relationship that adds synergy to the deployment in these markets. While the platform already has a number of vendors for each one of its verticals in these cities, it expects many more to sign up after going live in these markets based on prior experience. This expansion is part of the next phase of RentSher’s plans, which have already enabled it to service 70 SMEs/startups and 30,000 customers while showcasing a 25% quarter-on-quarter growth rate. The platform is looking to focus on vendor relations in the near future in these new markets, to enable greater choice and access for the new customers it will gain in these cities.