“RentoMojo now lets you rent flagships for monthly and long-term basis”
RentoMojo, a startup that lets you lease furniture, appliances, and bikes has announced a new smartphone rental service. The company is now allowing users to rent smartphones on a monthly and long-term basis. As of now, the startup is only offering the latest flagship phones from brands like Apple, Samsung, and Google. However, it is planning to offer affordable smartphones in the near future as well.
RentoMojo’s new service allows you to rent the Apple iPhone X, iPhone 8, Samsung Galaxy S9, Galaxy Note8, and Google Pixel 2. The iPhone X has the highest monthly rent of Rs 4,299, while the Pixel 2 can be rented for just Rs 2,099 per month. It’s worth mentioning that the rental of these smartphones depends from city to city. Users can rent devices for a period of six, 12, 18, or 24 months.
“With this solution, you can lease out a phone for certain time period with the option to own or return it whenever you want. We are looking at this (category) accounting for 40% of our overall revenue at scale and increasing our customer base by 50% in the next few quarters”, said RentoMojo founder and CEO Geetansh Bamania.
RentoMojo’s new smartphone rental service is currently available in cities like Bengaluru, Delhi, Gurgaon, Mumbai, and Nodia. The brand will be expanding it to cities like Chennai, Hyderabad, and Pune in the next quarter.