Online rental economy takes off in India


In India, just the market for rental of furniture is seen at around $800-850 million. Rentals of electronic appliances is a $500 million market and bikes $300 million, which adds up to a cumulative $1.5 billion market, says Prashanth Prakash, who started Accel Partners in India in 2006 and has invested in companies such as Bengaluru-based e-commerce market leader Flipkart, cab hailing service Ola, ticketing platform Bookmyshow and, most recently, Rentomojo.com, a furniture and utilities rental platform.

Source - http://www.dealstreetasia.com/stories/india-sees-emergence-of-online-rental-economy-across-sectors-23318/