Monday, June 16, 2025 | 09:33 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Travel aggregation to ride-hailing, welcome to India's shared economy

Starting with travel aggregation and ride hailing, it is quickly evolving across categories like furniture rentals, bike sharing, and peer-to-peer lending

Furniture, furniture on rent
premium

Furniture for lease on GrabonRent website

Ranju Sarkar New Delhi
When Jeemon Jacob moved to Gurugram to join an information technology company, he rented a two-bedroom flat with four colleagues. Instead of buying furniture and electronic goods, they decided to rent them — four beds, a refrigerator, a television, and a study table for just Rs 2,500 a month from a start-up. 

Jacob is learning to play guitar and has rented one till he can save enough to buy it. One of his flatmates has rented a treadmill, while another rents a bike for weekend trips. Their boss, Venkat, rents a car from Zoomcar on weekends and uses cabs on weekdays.

Welcome