Lorent: The integrated Platform for end to end renting Services

Hi Fellow members,

I recently joined this forum and has been learning quite a lot from informative posts and discussions, being someone who is a relative noob(:D) but with a open and receptive mind.

I would like to introduce my startup Lorent Services, which is essentially an integrated platform for end to end renting services. So it’s a property listing portal, where you can furnish your property online (buy/rent furniture/electronic equipment) and avail on demand services like Pest control,packing and moving etc.

This 2 min video 
 is a quick intro to what we are trying to create. Also explains how we are providing offline assistance to our customers too.

Now I believe the USP of our venture is the unique brokerage model, wherein we compensate for the brokerage charged in terms of complimentary services like Packing and Moving, Pest control, Medical consultations (tied up with evaidya), Meal (swiggy) / DTH/ Broadband/ Movie/Cab(Uber) vouchers, Gym Trials (tied up with Playnlive) etc. Our idea is not only to get people a flat on rent, but help them move into it and live happily ever after. We are also trying to create a Loyalty program wherein our customer would get hyperlocal deals in areas they have shifted.

 

While all the major players are improving their online presence and presentation(some of the doing a commendable job), none of them are willing to venture into Offline assistance, a dark abyss controlled by a nexus of brokers which, by a modest estimate control 80% of the properties being rented in Gurgaon. Now we are trying to solve this huge mess, aided by technology and our unique brokerage model which will put us on par with these local brokers.

Now we have field tested our idea and the initial response has been phenomenal from users.Now while we are planning to expand to Noida soon, and other big cities later on, I would like to ask the community :

1. What kind of operational challenges we may face?

2. We understand this is not a very investor friendly product, because to my limited knowledge,I understand that investors nowadays are only putting their money into something which has already been validated in the west or there is already a startup here(see what is happening to on demand services). We have a ready pool of customers who are already paying a huge sum for shoddy service. But still what kind of problems this alternate model of brokerage may face, while trying to raise funds?

3. If there is someone here who has in depth knowledge of Real Estate industry and the challenges we may face, I would love to have his feedback.

Any kind of suggestion/criticism/ feedback is welcome.

I thank you all for your support.

tweet us @lorentservices