Online rental furniture market
Cityfurnish, a Gurgaon-based furniture and consumer appliances rental startup, has launched its operations in Hyderabad, tapping into the online rental furniture startup is revolutionizing the on-demand rental economy in India.
The Cityfurnish brand is also planning to expand its business in 14 cities by the end of 2020 and creating a new trend for renting the furniture and home appliances.
Cityfurnish was founded in September 2015 by Neerav Jain and Saurabh Gupta with a vision to set consumers free from the shackles of buying expensive commodities like furniture and consumer appliances, so that they can rather invest in meaningful experiences and other valuable assets.
It was recently part of the Y Combinator winter batch of 2019.
Since its inception, the company is now the most diversified rental player in the market with products ranging from furniture, furnishings, appliances and fitness equipment.
Apart from residential furniture, the company also has an accelerating presence in the commercial and hospitality segments.
Cityfurnish said on 23 Jan 2020 that it is planning to launch India’s first furniture subscription program with pay-as-you-go model with no minimum commitment.
In this model, customers will not only be able to subscribe to their products but also would be able to change packages as per their need without any extra cost.
Buoyed by the increasing consumer base in India, the brand has witnessed a 100% YOY growth in FY 2018-2019 and has expanded exponentially with a 100% subscriber growth rate and 50% customer retention rate in the last 12 months.
Cityfurnish is India’s leading furniture and appliances rental company, driven by a mission to enable comfort and convenience for residential and commercial users with its wide variety of home furniture, office furniture, electronic appliances and fitness products available for rent and rent to buy options.
Cityfurnish has been operating in Delhi, Gurgaon, Noida, Bangalore, Pune and plans to launch soon in Chennai. Cityfurnish offers the most comprehensive, convenient and flexible furniture and appliances rental options available. fiinews.com
