| Business Basics |
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| Company Name |
Munificient Ventures |
| Founded in |
2008 |
| Headquartered in |
Mumbai |
| Company website/URL |
www.rentimental.com |
| Industry |
IT/ Internet/ Software |
| Stage of the company |
Several customers or locations |
| Source of idea |
Wanted it as an individual customer |
| Awards & honors |
Our Customer's standard lines-- "You guys are doing a wonderful job".
Yes. Customer Credibility & Popularity is the reward thus far.
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| Partnerships & Tie-ups |
We have currently tied up with MINC billbox, an organization providing bill payment services to its clients for the usage of their dropboxes as cus...> Read more.. |
| Partnerships & Tie-ups |
We have currently tied up with MINC billbox, an organization providing bill payment services to its clients for the usage of their dropboxes as customer touch points. We have also associated with the Western Railways which is one of the most efficient public transport system in the country and touches the life of every Mumbaikar to create awareness amongst our target audience.
Apart from that, Tata Motors, Glenmark Pharma, Cadbury's - We have tied up with these organisations for providing information on Rent to their employees.
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| Business description |
| Rentimental.com is a search engine that helps rent out everything online. It is catering to the large migratory working class population which is shifting jobs and cities. The World's On Rent, it's a one stop shop for renting a broker free house, a microwave, a car, a air conditioner, a fridge, a home made tiffin service, pest control and many other int...> Read more.. |
| Rentimental.com is a search engine that helps rent out everything online. It is catering to the large migratory working class population which is shifting jobs and cities. The World's On Rent, it's a one stop shop for renting a broker free house, a microwave, a car, a air conditioner, a fridge, a home made tiffin service, pest control and many other interesting categories.
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| How does the business make money? |
| The business plans to make money through a) Subscription, b) Offline services house renting services, c) Advertisement, d) Value added services to customers, and e) Corporate tie ups and research services. |
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| Team information |
Jaideep H. Patankar-Co-Founder & Director-MBA-IMT Nagpur. Engineer (Comps)-Mumbai University. Work-ex-2 Yrs-Ramco Systems. Age- 27 Yrs
Uday Vijayan-Co-Founder & Director-Ex-REC Warangal, 20 Yrs of experience running his own ERP Software firm. Age-43 Yrs
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| Competition |
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| Competitors |
www.sulekha.com, www.makaan.com, www.magicbricks.com, www.99acres.com, www.rentbazaar.com, www.nobrokerage.in, bharathrentals.com, rentime.com, Brokers. |
| How different is your product or service? It has... |
Substitutes that differ in price or value |
| In what way is your product or service different? |
While some of our competitors are pure play general classified sites and some are just real estate portals, none of them is a dedicated rental service...> Read more.. |
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| By The Numbers |
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2006 |
2007 |
| No. of employees |
Did not exist |
0-5 |
| No. of locations |
Did not exist |
2-5 |
| No. of customers |
Did not exist |
over 50 |
| Turnover |
Did not exist |
Under 10 lacs |
| Profits |
Did not exist |
1 to 5 lacs |
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| Primary source of initial funding |
Personal savings |
| Primary source of additional funding |
Family & friends |
| Raised institutional capital? |
No |
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| Why is this startup hot? |
www.rentimental.com is a customer platform, where even if you have a extra television and want to earn some revenue out of it, you can very easily do so.
The residential properties section is hundred percent broker free and customers who have found their homes have saved thousand in terms of brokerage that they pay to the brokers.
We al...> Read more.. |
www.rentimental.com is a customer platform, where even if you have a extra television and want to earn some revenue out of it, you can very easily do so.
The residential properties section is hundred percent broker free and customers who have found their homes have saved thousand in terms of brokerage that they pay to the brokers.
We also provide excellent and professional offline support to all our customers, which brings in the human touch to this virtual world where everything is available on rent. In Short- We are hot, because we are running a dot com in a very different manner.
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| What keeps the team awake at night? |
The dream of providing affordable and low cost Rental housing option to all our customers keeps the team awake all night. The fight against the broker who is day in and day out artificially increasing the prices and creating an alternative for the customers is making the team lose it's sleep. The unorganised rentalmarket in India and the NEED to find anything on Rent adds to sleepless nights. And finally raising the bar of your performance with each and every customer, constantly innovating, updating and providing the right and the relevant data to all our customers is what drives us through this journey. |
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