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NobuyRent Taps into India’s ₹20,000 Crore Rental Economy with Tech-Driven Marketplace

Online rental marketplace India – NobuyRent

Coimbatore, (Tamil Nadu), [India], 9th May, 2025: NobuyRent, a Coimbatore-based startup founded in 2023 by Sathese Kumar, is addressing a growing but largely underserved demand in India’s digital economy: the need for a reliable, scalable, and comprehensive platform for renting products and hiring services. Rooted in the founder’s personal experience of relocating between cities and facing the inefficiencies of purchasing, transporting, or discarding products used only temporarily, NobuyRent has emerged as a practical solution for modern, mobile lifestyles.

India’s rental economy is poised for exponential growth. According to Research and Markets, the online rental market in India is expected to reach ₹20,000 crore by 2025, driven by increasing urban migration, minimalism, and the rising cost of ownership. 

NobuyRent enters this space with a focused value proposition—offering users access over ownership through a digital marketplace that spans everything from electronics and home appliances to engineering tools and service-based tasks.

What distinguishes NobuyRent is its technological backbone. The platform is built in a way so that it can auto scale to a new product in any new industry sector. With a pan-India reach and a global vision, the platform provides a unique proposition to small business owners, entrepreneurs, and digital natives—especially millennials and Gen Z—who are driving the shift toward flexible consumption. 

A 2022 Deloitte report highlighted that over 65% of Indian millennials prefer renting over buying when given the option, aligning perfectly with NobuyRent’s mission.

Beyond convenience, the platform emphasizes sustainability. The average Indian household holds over ₹2 lakh worth of goods that remain idle for most of the year. These underutilized assets represent a significant opportunity for peer-to-peer sharing and monetization. NobuyRent positions itself not only as a service provider but also as an enabler of this shift in mindset—where reducing waste and maximizing asset utility becomes part of everyday living.

The company’s broader objective with this press initiative is to enhance its digital presence, improve domain authority, and attract strategic partnerships with businesses already operating in niche rental markets, such as vehicles, construction equipment, laptops, and electronics. By formalizing and scaling the rental economy through a tech-driven platform, NobuyRent aims to redefine how Indians think about ownership, utility, and consumption.

More information can be found at www.nobuyrent.com

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