Hi folks,
My name is Anshul Johri and I am the founder of a Bangalore based startup www.rentomo.com
Rentomo is an online peer to peer sharing platform which provides on-demand access to almost each and everything around your locality.
The collaborative economy, also referred to as the sharing economy is taking the internet off the storm. Being the newest phase of the web world, it has paved a novel way of utilising assets in an efficient and resilient manner.
This gave rise to a dire need of developing a platform which allows people to utilise infrastructure and resources that aren’t used effectively – a consumption podium where ease of access is valued over the emotional need for ownership of unutilised assets like hardware, software, infrastructure, to list a few.
Given the fact that there are a whole lot of consumer items – a hammer, a tent, a cycle, a badminton, racket etc, which most of us have, but lie unused most of the times; if aptly put to use can be advantageous for both the parties – renter and rentee. However, this calls for trust and review mechanisms which ensure timely payments and quality to those involved in the exchange.
Rentomo is a trusted web portal that enables people in renting out their not-so-used stuff, besides borrowing items which they wish to use once in a while. It connects you to people who are a part of a reliable community and encourages them to share stuff with those residing nearby in the times of need. Rentomo is based on the concept of good old days, when borrowing-lending was a prevalent concept among neighbours – way before cities made us anonymous.
To be precise, this worthy platform proffers users with the facility to borrow or rent items that they may bring to occasional use, such as a drill, ladder, camera, bicycle, travel bags etc. Furthermore, there are no two thoughts about it that people tend to help those in need when there’s a trust factor involved. Rentomo intends to make the process of borrowing and lending easier through technology, that is, this platform assists you in finding a neighbour, friend, colleague or an acquaintance in trusted network that is willing to lend you what is needed at your end.
Rentomo works on the notion, “Why buy when you can borrow.” At Rentomo, we operate with the aim to provide people with the access to things they need without having to own them, which saves them money. Moreover, connecting with people around them in times of need would result in safer and friendlier neighbourhoods. To top it off, sharing proves to be quite sustainable as it reduces waste and minimises carbon emissions, at the same time helping us utilise resources in the utmost fashion.
Wondering how would you trust the lender or borrower? This is where technology comes into the picture. Rentomo is building up an aggregator platform using the edge cutting technology to deliver you a comprehensive experience of sharing stuff among trusted communities, societies, groups or friends.
We, at Rentomo, work with a mission to build a locality that offers you an instant access to almost everything in no time, and endeavour to turn every city into a ‘sharing city’ by making users realise that access to the stuff they need is cheaper, hassle free and greener than ownership of a product. And to make it more convenient for the users, so that they can use our services on the go, Rentomo will soon be available on App.
Check out our website : www.rentomo.com also find us on Facebook and Twitter.
I would be extremely delighted to have your feedbacks on our work and would like you to try out if you are in Bangalore. Though I have been a regular follower of RH community but this is my first writeup on this community and I am super excited to have a discussion here 🙂
asha chaudhry
hi anshul,
before i say anything else, BIG BROWNIES to you for the flawless showcase post (site hygiene-wise) – i didn’t have to change anything :))))))
now coming to the next point that everyone will ask – how are you different from the rentomojos of the world?
https://www.therodinhoods.com/forum/topics/rentomojo-com-story-of-an-ultimate-plug-n-play-kit-for-start-ups
https://www.therodinhoods.com/forum/topics/sharing-economy-startup-irentshare-com-1
and lorrent (which is slightly different as it revolves around finding a place to rent first and then other stuff)
https://www.therodinhoods.com/forum/topics/lorent-the-integrated-platform-for-end-to-end-renting-services
Anshul Johri
asha chaudhry
niiice!
why don’t you edit your post and weave in these points at relevant places? it will add value to your showcase post!
friendly tip – since trh is a community – little little stories like these help engage with other rodinhooders better.
in fact, most times i encourage everyone to talk a bit about the story behind the story 🙂
all the best! more power to you!
Alok Rodinhood Kejriwal
nice idea, but you will need zillions of items to really create an impact
how does the return work? who guarantees returns?
Ps – what’s your view of the ‘listing’ business anyway? Look at how yelp.com is suffering…
why not add high value items ONLY – Cars / Bikes / Bicycles so that it becomes targeted and also remunerative?
Abhishek Goel
Hey Anshul,
Great initiative, I like your vision but looks a difficult problem to solve.
My few cents:
1. One line pitch: “Peer to peer sharing platform” doesn’t very well explain what you do. It made me think of you as money borrowing app from peers. How about “Rent & Borrow anything from neighbours”
2. Your answer on safety concern: I tend to disagree with the premise that if my guitar, amplifier or my speaker is rented out to a friend of friend or neighbour, it would be safe. If it is damaged, would rentomo be refunding me? Or I would have to deal with the friend of friend?
3. “Sharing reduces waste/minimize carbon footprint”: This could only be true for high value items, which I need very rarely. I feel you would end up having more carbon footprint in transportation of an item.
Delivery Guy from point X -> Sharer point A -> Borrower, Point B and reverse for returning.
Bug:
1. After selecting a Bangalore, the category filter is not working properly. I am getting “No results found”. Even for Bikes, which I could see before applying any filters.
Few questions:
1. Why did you launched in multiple cities? Delhi, Gurgaon, Bangalore, Pune, Lucknow.
If I were you, I would have started with a very small locality in Bangalore and tried creating a community there. say Koramangala?
2. Who decides the rent?
Might be useful to give me the buying price of the item too. I might be okay in paying 1% of the buying price as per day rent.
3. Is the rent good enough to incentivize the owner. (As there would be a lot items that I don’t use frequently, but they have a lot of emotional value attached to them)?
4. What is your main challenge currently?
All the best.