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SnapOnRent: Online Rental Platform

SnapOnRent: Online Rental Platform

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Priyansh Singh,CEO & Founder
Priyansh Singh,CEO & Founder

It was in 2015 during the Delhi – Ladakh trip that reinforced the founder’s zeal to run a company in the online renting space. During the trip, the founder and his friends were in dire need of bikes, gears, camping types of equipment, DSLRs and hence zeroed in on searching such kinds of stuff online. Unfortunate enough, they ended up finding no one in the online rental space who could meet their requirements. However, after exploring a few other options, they managed to find a local vendor who in the mid-way withdrew his support. Witnessing this, the founder perceived an opportunity and decided to develop a platform which would simplify online renting. This led to the beginning of SnapOnRent in 2016.

Since inception, the company has offered a diversified and exceptional range of products and services under varied categories. “Throughout the journey, we have been able to onboard prestigious clients such as Thomas Cook, Aditya Birla, Apollo Munich, Doordarshan, Bisleri, Citi Bank, ICICI Bank, Fabindia, UM Motorcycle, Grey Orange, Nestaway, AON Technology and others.We claim to be the only rental marketplace where
customers can get the most searched product categories at one place with option to Pre-book with low amount and provides demo of product to user before renting” says Priyansh Singh, Founder and CEO

"SnapOnRent has 10,000+ registered users on its platform till date with 300+ daily active visitors on its website and mobile app."

Easy Renting on SnapOnRent Platform
Based on users’ requirements, the platform offers flexible rental plans and facilitates on-demand and hassle-free services at doorsteps for user convenience. "With our flagship offering, customers are not bound to pay the full amount; they can easily pre-book by only paying as less as Rs.100 (according to the category).We offer them the choice of pickup (nearest store)and delivery to make the process more seamless.This helps user flexibility in payment and trust over rental products and on SnapOnRent,” he informs.

The platform offers diverse categories of products such as DSLR Cameras and Lens – from amateur to professional level, Bikes from daily commuters to Sports Bikes, Adventure Gears for travel junkies, Fitness Equipments like Treadmills,Exercise Cycle etc. Electronic equipments like Laptop and Desktops for Startups to Corporates, Electronic appliances like Air conditioner for home purpose to commercial use, LED TV, Gaming consoles for parties, events to individual use, medical equipments for patients at home. “Focussing on both B2C and B2B
segment. In the B2C segment, we target college students, young adults, working professionals, elders, housewives, patients and in the B2B segment, we target startups, corporates, small and established businesses, event-based companies,” he mentions.

Getting better with each day!
A self-funded start-up, SnapOnRent has achieved profitability with growth rate of over 150 percent from the beginning year on year in revenue and will be able to achieve 1 Cr. in revenue before the end of 2018. “We had achieve profitability within the first three months of operations and able to maintain positive unit economics till date,” he adds.

It has expanded its operations to Delhi, Noida, Gurgaon, Faridabad, Ghaziabad, Greater Noida and further plans to expand to other cities like Bangalore, Mumbai, Pune and Hyderabad for which we looking for investors for expansion. “With mentors from IIT Roorkee Alumni, IIM Ahmedabad Alumni who provide guidance on operations and other part of businesses,” he further adds.

SnapOnRent is on a mission to rent every possible category in upcoming years. To carve a niche in this domain, the team will soon be launching their services in other states with fabulous deals and ways to achieve great customer experience. “In order to be successful in this dynamic business environment, we will also be adopting the required business models and short-term strategies,”he concludes.