Industry News

India: GrabOnRent brings new products to the rental market

By John Michonski 0 Comments NEWS, Industry News

GrabOnRent, an Indian real estate firm that focuses on rentals, has confirmed that it plans to continue to grow, thanks in part to the new programs the company is introducing in recent times.

Shubham Jain, the Co-founder of GrabOnRent, decided to focus completely on rentals after running into high costs while owning another company. “All of us have been told that the only way of consuming a particular product is by buying it. Businesses have spent decades making buying really easy, and with ecommerce coming in,  everything is sorted. We wanted to challenge that and provide an alternative consumption model in which a person can pay per use.”

GrabOnRent will rent any and all products in relation to brick-and-mortar. Since starting in 2015, the company has raised millions of dollars, with their last round of funding hitting $2 million.

“GrabOnRent has a solid foundation of making a profitable business in a unique sector. They display a promise in becoming a behaviour-changing business for the next generation of transient crowd that wishes to stay away from liabilities and lead a commitment-free lifestyle. We support their vision, trust their execution capabilities and wish to see them emerging as a trusted brand in the coming years," said Vikram Gupta, Founder and Managing Partner, Ivycap Ventures, on the funding.

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