Rentomo.com - India's Finest Product Sharing Platform Ensures Convenience With Easy Rentals
Poster: SySAdmin
Posted on January 27, 2016 at 5:21:01 AM
Rentomo.com - India's Finest Product Sharing Platform Ensures Convenience With Easy Rentals
BANGALORE, January 27, 2016 /PRNewswire/ --
There are times when people tend to forget stuff which they might need on their trips,
or want to try a product before buying. Not just this, if they have relocated to a place
temporarily or have a house party tonight and need furniture, they need not be troubled.
For now there is a solution. In order to revive the concept of borrowing from neighbours,
Rentomo is constantly evolving as a sharing platform to meet people's everyday needs.
(Logo:
http://photos.prnewswire.com/prnh/20160127/10139026 )
Rentomo [http://www.rentomo.com ]Â is a renting platform accessible through website and
app (android) that enables people to borrow the things they need from people residing
in their vicinity. It provides a platform that allows users to borrow or rent out everyday
items they may only occasionally need, such as a drill, ladder, camera, bicycle, travel
bag, etc., to people in their trusted network. The company is based on the concept of 'why
buy when you can borrow' since there is hardly any need to purchase a private set of
consumer items, like a hammer, a tent, a badminton racket, which everyone has but lies
unused most of the time. Rentomo encourages people to share such stuff with trusted
members living in the nearby areas through their technology-enabled platform.
The team comprises five people - Anshul Johri, founder (ex-Amazon) and others who hold
finesse in the areas of web, mobile app, marketing and operations.
With Bangalore being their primary focus area, they are boosting their popular
categories like travel, sport and fitness, motorbikes and electronics across other cities
too. Overcoming the challenges of understanding consumer behaviour for each category, the
experts at Rentomo are endeavouring to touch the user base of 10K in the next three months
with 2.5K items listed on their sharing platform. In spite of their focus in Bangalore,
they have successfully transacted in Delhi, Gurgaon, Pune and Lucknow thereby reinforcing
the power of social sharing.
Being an unlikely concept that aimed the revival of sharing over purchasing, Rentomo
got the seed funding $100K from Shiva Ashok, an angel investor (IIT alumni) and another
UAE-based investor.
Having launched the public beta version in August 2015, they moved to a stabilized
platform with more features. The success and ever-increasing traction rate led to the
launch of android mobile app contributing to the ease of always on-the-go generation.
Rentomo has plans of adding payment, delivery and insurance of items in the coming months.
In a span of six months of operation, they have developed a pool of 4000+ verified
registered users, 300+ listings, close to 250+ transactions. Their concept has resulted in
B2C partnerships and has brought 30 vendors on board. Rentomo is witnessing a growth of
30% every month in terms of transaction, user registrations and listings. Their effective
services and professional approach has led to a high rate of their repeated users, that is,
without spending hefty on marketing costs.
About RentomoÂ
Rentomo is the bridge that brings borrower and lender together by helping people rent
out their not-so-used stuff as well as borrow items they wish to use once in a while. By
connecting people to the members of a trusted community, Rentomo offers them the ease of
sharing without having to run from pillar to post in search of products. It is a pool of
dependable people to whom people will be renting out their valuable stuff or from
whom they will be lending stuff - this is done to ensure the safety of the product.
Website link:Â http://www.rentomo.com
App link:Â http://bit.ly/RentomoApp
Â
Media ContactÂ
Anshul JohriÂ
anshul@rentomo.comÂ
+91-9632227858Â
FounderÂ
Rentomo.comÂ
Â
Photo:
http://photos.prnewswire.com/prnh/20160127/10139026
Photo:http://photos.prnewswire.com/prnh/20160127/10139026
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20160127/10139026
http://photoarchive.ap.org/
Rentomo.com
BANGALORE, January 27, 2016 /PRNewswire/ --
There are times when people tend to forget stuff which they might need on their trips,
or want to try a product before buying. Not just this, if they have relocated to a place
temporarily or have a house party tonight and need furniture, they need not be troubled.
For now there is a solution. In order to revive the concept of borrowing from neighbours,
Rentomo is constantly evolving as a sharing platform to meet people's everyday needs.
(Logo:
http://photos.prnewswire.com/prnh/20160127/10139026 )
Rentomo [http://www.rentomo.com ]Â is a renting platform accessible through website and
app (android) that enables people to borrow the things they need from people residing
in their vicinity. It provides a platform that allows users to borrow or rent out everyday
items they may only occasionally need, such as a drill, ladder, camera, bicycle, travel
bag, etc., to people in their trusted network. The company is based on the concept of 'why
buy when you can borrow' since there is hardly any need to purchase a private set of
consumer items, like a hammer, a tent, a badminton racket, which everyone has but lies
unused most of the time. Rentomo encourages people to share such stuff with trusted
members living in the nearby areas through their technology-enabled platform.
The team comprises five people - Anshul Johri, founder (ex-Amazon) and others who hold
finesse in the areas of web, mobile app, marketing and operations.
With Bangalore being their primary focus area, they are boosting their popular
categories like travel, sport and fitness, motorbikes and electronics across other cities
too. Overcoming the challenges of understanding consumer behaviour for each category, the
experts at Rentomo are endeavouring to touch the user base of 10K in the next three months
with 2.5K items listed on their sharing platform. In spite of their focus in Bangalore,
they have successfully transacted in Delhi, Gurgaon, Pune and Lucknow thereby reinforcing
the power of social sharing.
Being an unlikely concept that aimed the revival of sharing over purchasing, Rentomo
got the seed funding $100K from Shiva Ashok, an angel investor (IIT alumni) and another
UAE-based investor.
Having launched the public beta version in August 2015, they moved to a stabilized
platform with more features. The success and ever-increasing traction rate led to the
launch of android mobile app contributing to the ease of always on-the-go generation.
Rentomo has plans of adding payment, delivery and insurance of items in the coming months.
In a span of six months of operation, they have developed a pool of 4000+ verified
registered users, 300+ listings, close to 250+ transactions. Their concept has resulted in
B2C partnerships and has brought 30 vendors on board. Rentomo is witnessing a growth of
30% every month in terms of transaction, user registrations and listings. Their effective
services and professional approach has led to a high rate of their repeated users, that is,
without spending hefty on marketing costs.
About RentomoÂ
Rentomo is the bridge that brings borrower and lender together by helping people rent
out their not-so-used stuff as well as borrow items they wish to use once in a while. By
connecting people to the members of a trusted community, Rentomo offers them the ease of
sharing without having to run from pillar to post in search of products. It is a pool of
dependable people to whom people will be renting out their valuable stuff or from
whom they will be lending stuff - this is done to ensure the safety of the product.
Website link:Â http://www.rentomo.com
App link:Â http://bit.ly/RentomoApp
Â
Media ContactÂ
Anshul JohriÂ
anshul@rentomo.comÂ
+91-9632227858Â
FounderÂ
Rentomo.comÂ
Â
Photo:
http://photos.prnewswire.com/prnh/20160127/10139026
Photo:http://photos.prnewswire.com/prnh/20160127/10139026
http://photoarchive.ap.org/
Photo:http://photos.prnewswire.com/prnh/20160127/10139026
http://photoarchive.ap.org/
Rentomo.com