New Delhi, July 09th 2019: India’s premiere online furniture rental startup Fabrento has started working with three of India’s prestigious rental houses provider—Coho, Stanza Living, and Aasha Group of Hostels, with an objective to facilitate seamless co-living environments for the youth—both working professionals as well as students, and further enhance the ease of ordering furniture and fit-out for the customers/end-users.
With a common vision of providing every millennial a home away from their home, Fabrento and the above mentioned rental accommodation providers are working hand-in-hand to offer a luxurious yet affordable lifestyle to them.
“A room and its furniture are inseparable entities; so stands the universal truth. The recent tie-ups will definitely help us in expanding the vista of furniture rentals, which is already a booming vertical in India, more closely to the urban millenials and youngsters. Further, the synergy can act as a game-changing idea for the co-living segment, as customers shall be able to enjoy the comfort of Fabrento’s cool and trendy pieces of furniture while residing in the customized, pocket-friendly houses procured via new-age renting accommodation provider companies/start-ups,” said Sidhant Lamba, Founder, Fabrento.
A large majority of millennials nowadays are relocating to new cities, whether to expand their careers or to pursue higher studies. No wonder co-living spaces have now become a buzzword across the nation, and gained huge popularity amongst this demographic group in the recent years. According to a recent report by real estate portal Proptiger, the co-living sector in India houses an untapped demand of about 46.3 million beds, out of which 8.9 million arises from student housing.
“We at Fabrento eyed a prolific opportunity in this segment, as some of the emerging co-living start-ups are not keen on investing on purchasing furniture for their properties due to various reasons. Keeping this in mind, we are entering into agreements with multiple co-living providers for long term contracts. We are also constantly striving to expand our products and services in various cities and markets, and are currently in talks with a multitude of companies in the co-living and co-working space,” added Sidhant Lamba.
Fabrento’s vast collection of furniture rentals includes all types of must-have pieces of furniture from the bedroom, living room, and dining room. Apart from these, the furniture rental service company also offers home appliances, office furniture, and art and accessories to achieve a perfect lifestyle. There are both package deals and a-la-carte options to rent high quality, affordable furniture and home décor.
Fabrento has till date spread its services to the major cities of India including Delhi/ NCR, Chandigarh, Mumbai/ Thane, Bengaluru, and Pune.