Startups based on rental apps (for handheld devices and computers) offer services to people to lease cars, bikes, rooms, houses or heavy equipment. Rental startups exist to give people the opportunity to experience something without owning it. One can imagine driving the dream car or motorcycle for a short time without having to buy it at an exorbitant price.
The forecast revenue of the car rental segment for India is USD 2.17 billion in 2022. The market is forecast to reach USD 2.95 billion by 2026, with revenue projected to grow at a annual rate of 7.92% (CAGR 2022 -2026). This article describes the leading rental companies in India that are radically transforming this sector.
Vehicle Rental Startups in India
|functioning cities||Delhi, Mumbai, Pune, Noida, Gurgaon, Bangalore, Chennai, Hyderabad and other 13 cities|
Often rated as one of the best car rental companies in India, Myles has 38 fantastic cars to choose from based on your needs. With Myles you can rent a car in 21 major cities in India. Cities include Delhi, Mumbai, Chennai, Goa, Jaipur, Pune and many more.
|founder||Greg Moran and David Back|
|functioning cities||Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and other 28 cities|
Zoomcar is one of the leading car rental companies in India, operating in over 34 cities. You can rent a car from a diverse spectrum, starting with a Tata Nano and going up to expensive, high-end models like the Mercedes GLA. You can rent a car anywhere from an hour to a month.
Home rental startups
According to Knight Frank India, the average house price rose by 3% to 10% from July to September 2022, while office rents increased by up to 13% due to increased demand for properties. Here are some of the property rental startups in India:
|founder||Rahul Yadav and 11 other IITs, Bombay Graduates|
|functioning cities||Chennai, Mumbai, Bengaluru, Kolkata, Delhi and other 34 cities|
For those looking for an apartment to rent, Housing is the answer. This startup is dedicated to connecting people with the one of their choice. You can choose from different apartment types: fully furnished, unfurnished, semi-furnished etc. The extensive housing network across India means that finding accommodation will be as easy as ABC!
|founder||Ritesh Anand & Rumki Sengupta|
|functioning cities||PAN India|
Fairpockets is a real estate portal with fair prices and a SaaS-based mobile marketplace. It is an online platform that connects the trio of buyers, sellers and brokers. Fairpockets allows properties to be posted on its website for free, and the property’s appraisal is done for resale before the ad goes live. You can also rent real estate through Fairpockets. The pricing calculator, inventory management, lead management, and communication system features are highly rated and sought after.
|founder||Amit Kumar Agarwal, Akhil Gupta and Saurabh Garg|
|functioning cities||Mumbai, Bangalore, Pune and other cities|
NoBroker is another application that helps in listing houses for rent. As the name suggests, the startup stays away from brokers and other middlemen to avoid unnecessary hassles. 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.
|functioning cities||Hyderabad, Delhi, Bangalore, Jaipur and other cities|
RentRoomi helps in finding accommodation avoiding fake listings and endless page visits. The company is working to solve the problem of Generation Y by letting them find suitable housing in cities with roommates 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. A qualified engineer, Nitin worked in a software development company as a project planner and business developer before founding RentRoomi.
|functioning cities||Across 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 from the comfort of their mobile phones. The company supplies almost all Indian cities and is a giant in the online real estate market. Over 10,000 objects are listed daily.
|founder||The Times Group|
|functioning cities||Bangalore, Chandigarh, Chennai, Delhi NCR and other cities|
Magicbricks is a division of Times Internet Group Limited. The platform allows buyers and sellers to find property in India. Magicbricks provides all the information about the properties listed and allows people to buy or rent them through their website. It has over 15,00,000 active real estate listings. It was founded in 2006 and is headquartered in Noida.
|founder||Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev|
|functioning cities||Noida, Pune, Mumbai and other cities|
NestAway is an online home rental marketplace for individuals and families. It rents out furnished and well-kept rooms and apartments without brokerage fees. NestAway is headquartered in Bengaluru and offers its services in 13 cities including Noida, Pune and Mumbai.
Room rental startups
|founder||Brian Chesky, Nathan Blecharczyk, and Joe Gebbia|
|functioning cities||Over 220 countries and regions|
Airbnb is a California-based accommodation brokerage and accommodations startup. Airbnb focuses on temporary homestays and tourism. It offers people rooms for homestay and homeowners can easily list their accommodations on their platform using Airbnb app or website. Airbnb acts as an intermediary and receives a commission for every booking made through its platform.
|areas of application||Europe, Asia and USA|
OYO, a Gurgaon-based company, is the largest platform in India and one of the fastest growing hotel chains in the world for booking hotel rooms at pocket-friendly rates. OYO’s parent company is Oravel Stays Private Limited. Its services are available in 35 countries. Under Ritesh Agarwal, OYO is rapidly expanding its dominance outside of India through an acquisition spree.
|founder||Rolf Schrömgens, Stephan Stubner, Peter Vinnemeier and Malte Siewert|
|areas of application||190 countries worldwide|
trivago is a Germany-based company specializing in internet-related hotel, accommodation and metasearch services and products. Founded in Germany in January 2005, trivago offers research and facility comparisons for over 5 million hotels, using information from over 300 hotel booking sites and other types of accommodation in over 190 countries.
Medical equipment rental startups
|founder||Shanthi Mathur and Achudhan Mani|
|areas of application||250 hospitals in 6+ states and 65+ cities|
PrimedeQ, India’s first comprehensive B2B eMarketplace for medical equipment and device related products and services, provides access to several affordable, high-quality medical equipment rentals. It aims to reduce selling costs for sellers through its virtual platform. Hospitals can buy, sell, or rent equipment, have medical equipment serviced, and buy replacement parts and supplies—both new and used. Shanthi Mathur and Achudhan Mani are the founders of PrimedeQ. Shanthi Mathur is the CEO of PrimedeQ while Achudhan Mani is the director of PrimedeQ.
|Co-Founder and Chairman||Meena Ganesh|
|functioning cities||Bangalore, Mumbai, Chennai, Pune, Hyderabad and other cities|
Portea offers healthcare equipment rental services in over 40 cities in India. In addition to medical equipment, it lists the services of health professionals such as orderlies, nurses, and doctors. You can place an order for medical kit(s) on Portea’s website and have them delivered to your door. Portea also offers an at-home lab testing facility.
Not only is renting cheaper, but it also removes the tensions that come with ownership. There has been a seismic shift toward rental culture, particularly among millennials. The craze for tourism and exploration has only amplified this shift.
frequently asked Questions
Which are the Best Rental Startups in India?
Some of the best rental startups in India are:
- zoom car
- 99 hectares
- No broker
- magic stones
- fair pockets
Which are the websites for rent apartments in India?
99acres, NoBroker, Magicbricks and NestAway are the best sites for renting apartments in India.
Is Zoomcar a good option?
At Zoomcar you can rent a rental or self-drive vehicle of your choice at low prices. The cars have permits for all of India and Zoomcar offers many locations across the country where you can pick up your preferred vehicle. So it’s a good option.
Which is the website to sell property in India?
99acres, NoBroker, Magicbricks and NestAway are among the best websites to sell property in India.
Which are the websites for hotel booking in India?
OYO rooms and trivago are the hotel booking sites in India.
What startups are there in medical equipment rental in India?
PrimedeQ and Portea are among the best medical equipment rental startups in India.