“We will strengthen the platform and build some of the industry defining features such as geo-tagging and supply chain automation,” expressed Abhijit, President, Product & Strategy, RentSher.
The funds will be used in equal parts for product development, fulfilment and growth.
“Our vision is to make RentSher a platform that is at the intersection of sharing economy and on-demand economy with products delivered as and when our customers need them. We are building a strong team focused on sustaining 30-40 per cent month-on-month growth that will enable us to reach 1000 orders/month this quarter itself and double it by next quarter”, commented Harsh Dhand, CEO, RentSher.
Founded by alumni of IIT Delhi and Oxford University – Abhijit Shaha, Harsh Dhand and Karandeep S Vohra, RentSher is a horizontal marketplace for rental products with end to end services from choosing and booking the product online to delivery and pick-up. It is currently operational in Bangalore and Delhi.
According to Karandeep, who is responsible for geo-expansion and is currently leading the operations in Delhi, at the moment the team is looking to expand the reach of RentSher in India, by expanding to new cities as well as strengthening our reach and operations in existing cities. The goal here is to build scalable yet sustainable operations in each city rather than spreading too thin.
“The model that RentSher is pioneering is impressive and the team has right approach towards it. The need for rentals across these categories exists not just in India, but almost everywhere in the world. The product and business model the team is developing has real international potential and that excites me the most. We would soon be looking to develop a plan for geo-expansion of the company within and beyond India” commented Vaibhav.
