Skip to main content

Introducing Rentlite

Established in April 2019, RentLite is a pioneering start-up, on the quest of revolutionizing the buying behaviour for workspace products. Spearheaded by Kush Jawahar and Kiran Chellaram, RentLite helps to solve the CAPEX and OPEX related concerns for young entrepreneurs and corporates alike.


Buying workspace furniture can be capital intensive, especially for a boot-strap start-up or a growing
SME, where manpower is exponentially dynamic. Further defining the nature of workspace setups can be tiresome and time-consuming. It is from this experience, that we came up with the concept of Rentlite, because why buy when you can rent? With the transforming taste, needs and requirements of
consumers, renting furniture has become a millennial need.

Rentlite not only offers an assortment of design possibilities but flexible finance options for the users.
The idea of rental furniture is not new; however, the potential market surpasses the redundant past
estimations. Thus, renting furniture is not only suitable for a short-term but has more profitable farsighted attributes.

Renlite’s distinct furniture configurations like chairs, workstations and pedestals can be rented for an affordable amount serving to the commercial flexibility for its consumers. Since all furniture rented out is manufactured by India’s leading furniture manufacturer, Featherlite, the consumer is sure of uncompromised quality and durability. 

With our vast experience in commercial design with Featherlite, we have gathered expertise in quick and hassle-free office furniture renting aiding ease of Plug and Play setup.

At Rentlite we believe renting is key for modern entrepreneurial professionals looking for fast-paced office set-up. So why buy when you can rent from Rentlite and transform your workspace into a collaborative space for creative minds!

Sustainability
Rentlite believes in conserving the environment through eco-friendly practices. All our furniture is
manufactured in solar-powered factories and produces minimum carbon footprint emissions further
reducing environmental pollution.

Business
Currently, the company is generating monthly tangible business over 10 Lakhs with an average tenure
period of 24 Months. The company intends to achieve a monthly business of 1 Cr. by the next financial year 2020.

Completed Projects
RentLite serves a mixed bag of clients including individuals, SMEs and Corporates. It has completed 2 MNCs in Bangalore plus 9 start-ups in Food Processing, Construction, Recruitment Technology and the Aviation Industry. It has also served 3 MNC's into Financial Services, Digital Marketing and Tele-Communication Service Provider in Delhi NCR while other projects comprise of 2 MNC's in Investment

Banking and 1 Milk Delivery start-up in Pune. Other than this RentLite caters to over 8 individuals who own commercial Establishments. These customers have used RentLite’s services to transform the property into a fully furnished Plug - n - Play Office Space.

Website - www.rentlite.in



Market Growth

Rentlite’s research pegs the global furniture rental market at anything between $5-8 billion. The idea of ownership has been superseded by the aspiration of better experiences by leasing or sharing resources.

The growth in mobility and intra-country migration has led to a large and ever-growing clientele of urban professionals with transferrable jobs and disposable income. In the last decade, leasing/renting of home durables has seen steep growth due to a streamlined market facilitated by digital marketing.

The global furniture market is dominated by domestic furniture accounting for 65% of production value. These consists of beds, closets, and other household furniture items. Followed by office furniture and hotel furniture accounting for 15% each. Office furniture consists of furniture used in corporate office, mainly tables and chairs, whereas hotel furniture is deployed in hotels and are very similar to household furniture with design and finesse. Lastly, furniture parts constitute 5% of production value which constitutes of table bases, closet doors, sofa legs, etc.

The furniture rental market is expected to grow at a robust rate over the next 5 years (2019-2024). 

The primary factor responsible for the growth is an increase in the number of employers that are incorporating rental furniture into their corporate mobility policies as a core service offering. The practice of renting instead of purchasing furniture has proven to be beneficial for consumers because of lower price with reduced expense and maintenance which will drive the furniture rental market size. The industry is driven by wide ranging macroeconomic factors, such as the number of businesses operating domestically, the unemployment rate and the business sentiment index, all of which are expected to get better during that time frame. Growth in the number of businesses stimulates the demand for office furniture. 

Moreover, as the unemployment rate falls, demand for office furniture is anticipated to rise, as businesses require furniture for new employees.

Comments

Popular posts from this blog

Genocide in Gaza: How colonialism has alienated you from your own humanity

The discomfort you feel speaking up about genocide in Palestine: How colonialism has alienated us from humanity Why does speaking about Gaza feel so unsettling? There is an undeniable discomfort that arises when we speak of genocide in Gaza, a conflict rooted not only in geopolitics but also in a long history of colonialism. That discomfort? It is a manifestation of how deeply colonialism has alienated us from our own humanity. It has made us bystanders, distant observers, to a grotesque tragedy that demands our empathy and action. Every day, the children of Gaza are bombarded by forces much larger than themselves—forces of colonial interests, global profits, and silent complicity. How many of us have spoken up about the atrocities in Gaza? How many of us have chosen silence because the violence feels too far away, too complex, or too heavy to carry? That silence—our silence—perpetuates a chasm in our spirit, a gap that must be bridged if we are to mend not just Palestine, but the fray

Bajaj Housing Finance - Why the IPO buzz

Bajaj Housing Finance Company: A Game-Changer in India’s Financial Market and its much-awaited IPO The Indian financial landscape is constantly evolving, and at the heart of this transformation is the housing finance sector. In recent months, one company has managed to grab the spotlight—Bajaj Housing Finance Company (BHFC). With its parent company’s stellar track record, cutting-edge financial solutions, and a much-anticipated Initial Public Offering (IPO), a few years old  Bajaj Housing Finance is creating a significant buzz in the financial market. This article delves deep into Bajaj Housing Finance Company, exploring its background, recent developments, IPO details, and how it stands tall amidst competitors. We will also examine the landscape of housing finance in India, including notable cases of failed companies, giving you a holistic view of the industry. Introduction to Bajaj Housing Finance Company (BHFC) A brief history and background of Bajaj Housing Finance Company  Bajaj

Should parenting be a certainty? A hard look at who should be raising kids

“Sometimes I think the answer lies in wondering if the lives we are creating for others are better than the ones we inherited ourselves.” I am convinced that many people who are parents should not be. It is a bold statement, but when you strip away the romanticised lens through which we have been conditioned to view parenthood, it becomes harder to ignore the underlying truth: parenting is not something to be taken lightly. Nor is it a choice that should be made unless you are 100% certain —mentally, emotionally, and financially ready for it.  Is parenting more than just a biological destiny? The moment you announce that you are pregnant, society collectively leans in, nods approvingly, and asks about baby showers and cribs. The truth? Being responsible for an entire human being is incredibly tough—life-altering, in fact. Yet, people still push forward with the idea that it’s something “ you just do, ” that it will all work out because, well, doesn’t it always? In reality, parenting is