Ever tried aqua aerobics with water dumbbells or toyed around with a standard interactive robot? Have they worn an Oculus VR headset? But why purchase such fancy, high-priced stuff while you may honestly lease them for a day or, the objects of choice, domestic-introduced for a fee? This is precisely what a Bengaluru-based startup, Yupik. In, has to offer for revel in-hunters, who could alternatively attempt than buy. Launched in December 2018, the platform has introduced over 100 condo gadgets throughout eleven categories. Most customers lease out stuff only for an afternoon, informs Yupik founder Ojas Parikh. “People want to strive out modern system, which they would otherwise not purchase. For instance, we have this golf-swing analyzer that many sense useless to buy. But they could lease it because everyone is in a hurry to enjoy new matters,” Parikh explains.
Homemaker Minal Sanghvi had visible her five-12 months-antique son’s fascination for digital toys. But she knew that passion turned into a passing section, and spending heaps might be a waste. She chose to lease out the Cozmo robot alternatively. “Imagine his joy when we were given home the high-cease robotic that performs with you learns from you, reacts, and will become your pal. No, we didn’t purchase this set worth Rs 10,000 but rented it out for the weekend,” she remembers. Parikh used his Amazon revel to merge e-commerce’s ease of shipping and transaction with the rental offerings. “Majority of products we offer have been sold by way of us from the world over, giving us overall manipulate over their availability, fine, and circumstance.”
To ensure the rented products are lower back in good condition, a protection deposit is levied. This is refunded as soon as the product is more inferior back and checked. Once a selected product is booked online, an affirmation and standing of the order are sent to the consumer. The platform’s shipping employees take it to the customer’s home and demonstrate how the product works. Before taking a rental choice, the patron may also check a product demo video and user manuals online. My wife started a comparable unit – brick and mortar one -manner lower back in 1986- TOY BANK- the first of its kind then…However, approximately eight months later, she had baskets full of damaged toys and non-working toys. The mother and father of the children who rented it out refused to take duty for the breakages or robbery of batteries…Even though we did not lose money at the undertaking. Wonder how long these men will run it and that too on the e-commerce platform. I wish them good fortune.