From owning to renting: How the new economy is fuelling change - most efficient air purifier

With the arrival of winter months ago, Delhi has been heavily polluted by air, and air purifiers have become a luxury that many people in the capital are looking after.
The rental company, lucickle, is aware of the demand by adding air purifiers to their lifestyle portfolio, offering rental services as low as RS 399 per month.
This is just an example of a change in mindset that is willing to rent rather than have, driven by millennials, creating fertile soil for sharing the economy and starting a business
Ups for it.
Launched in November 2015, lucickle has traditionally operated lifestyle rental spaces primarily served by local furniture and neighborhood stores.
While products in the transportation sector, such as cars and bicycles, have been offered by professional companies for a period of rent, and taxi aggregators have recently given impetus, so have lifestyle spaces.
Vinit Chawla, co-
The founder of vickickle says lifestyle leasing has started to organize in the last three years
After four years, it is still a vast space. there are not many players and the demand is increasing.
Lucickle is targeting young professionals who often move to different cities as part of their work.
Its products include furniture and household appliances, cameras and water and air purifiers.
"We plan to launch baby products, from baby cribs to baby carriages and baby cribs, to meet the changing needs of children during their growth stages.
"Fitness products are another category we're going to add this year," Chawla said . ".
"The trend is changing very fast, and today's generation is very ambitious and moving up.
As a result, commodities such as fashion recliner, swing, large screen TV and fully automatic washing machine reflect this.
"Vickickle operates in Delhi-
NCR, and plans to expand to Bangladesh next month.
Then go to some other cities with an intensive IT/ITeS workforce, including Mumbai, Pune and Chennai.
It recently proposed pre-
It plans to take advantage of the $4 million Series A in expansion, brand building, etc.
Chawla says the company is new.
In addition to expats, married couples seeking to rent furniture are growing.
The next two days
The online lifestyle rental market may grow from $3 to $5 billion over the past three years, he said, adding that convenience and quality are the value that must be provided to customers. New business-to-
Business alliances are also important, such as companies working with LG on their platforms.
RevStart of Noida
Cost-based suppliersefficient co-
The workspace for entrepreneurs, freelancers and SMEs is a mix of office space owned and rented.
Ishan Singh, managing director and CEO of RevStart, has invested $2 million in the business.
"We realize the address that the company needs for a long time.
So most people who are creating common
The work space is a place for long-term rental and resale.
I don't think this model will work in the long run.
For example, 100,000 of RevStart-
Square foot building in Noida.
It plans to expand to gulugram with its own building and gradually expand to other places by owning the property or working with the landlord (minimum rent plus share of income.
One of the reasons people look at co-
The growth of working space and the shared economy is largely a change in population structure ---
Emphasis on the Millennium trend of renting rather than buying a house.
"The biggest driver of the sharing economy is technology," Singh said . " He added that different types of cooperation
Working space is needed in India--
Including mainstream IT workers and moreend niches.
According to Singh, the "excesses" of the working environment are driven by people looking for two things ---
Physical infrastructure, such as the space to provide a fast and reliable Internet, is more important to the sense of community in this space.
The idea that "you're not the only crazy person to start a business alone" is key.
Singh added that the logic in the community supported by sound technical infrastructure will apply to all places, and small cities such as Chandigarh, Jaipur and Kochi also accept cooperationworking spaces.
He further added that,
Companies at headquarters still have a mindset to operate from their own offices, but that mindset will change as they gradually start investing in cooperation
Find more flexible working space.
Singh said his business is a scalable cash flow positive company, and the small challenges in finding the right place and the right place will always exist.
Hitendra Chaturvedi, founder and CEO of Delhi-
Reverse Logistics, which owns Pvt Ltd, said when he started e-commerce
Refurbished commodity e-commerce platform in 2009-
Business is not-
It has only appeared in the past four years.
Therefore, the initial challenges include educating retailers and OEMs about the reverse supply chain and how consumers can help the environment by purchasing refurbished goods.
But he noted that in India, the return on the entire retail market, including e-commerce, was as high as $10 to $15 billion. commerce.
As Indians become "the world's biggest profit-maximizing" companies like GreenDust face the task of creating a well-known brand as a seller of refurbished products --
Has always been a category of recession-proof one.
Chaturvedi also gives an example of a penetration rate of 80-for the like in the electrical appliance category-
There are some markets in India, which are single digits.
He added that, therefore, the demand for refurbished products is evergreen.