Rent It Bae is a luxury fashion rental offering ethnics, westerns and accessories from designer labels and brands. Looking good and feeling good are the hallmarks of today’s environment and culture and Rent It Bae addresses this opportunity at affordable prices. Rent It Bae has created a scalable model, where technology plays an important role. The business is scale ready, servicing 12 cities via website, m-site, Android and iOS app.
The company recently opened its flagship store in New Delhi, which is the country’s first tech-driven fashion experience. The company is doing an annual revenue of Rs 2 crores, and is looking to scale it up to Rs 6 crores by the end of 2019. All Rent It Bae stores would be tech driven as is the flagship store. Technology will remain the essence of the business and the aim is to incorporate technology in such a way that customers can make use of it at all levels while experiencing the Rent It Bae service.
The rental has received funding from Gems, a fund based out of New Delhi. With the new infusion of capital the company plans on increasing its physical presence in Delhi NCR with more stores and increase service locations to 30 across the country.