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Pranav Alonay

Stealth • 11m

My idea is to create a sneaker rental startup, it would rent not only sneakers but formal function wear shoes or even hiking shoes , since the shoes we buy specifically for these occasions are usually worn 3-4 during the whole year, might as well ren

Anonymous 1
•

Infosys • 11m

What happens if the sneakers are damaged? Will you be taking a security amount that is returned post return and inspection?

3 replies4 likes

Replies (3)

Vraj Patel

Stealth • 11m

Even tho full price would be security or some extended one in 30 cases the company will bare losses from the gained profit. Already thought about this business model 3 years ago and at the end came to the conclusions that even giants like Amazon, Flipkart, Mantra are having cases there fake return are mixed in the stock. Then this business will be most valuable as I visited last year Dubai and there are plenty of South Indian sellers running their business in secret flats in Meena bazaar selling fake goods which are almost identical and even an expert might get confused in some cases.

0 replies

Yash Yadav

Stealth • 11m

And what will be the rental.

0 replies1 like

Pranav Alonay

Stealth • 11m

For shoes that are above a certain threshold, yes security amount will be taken but below that, no security deposit

0 replies1 like

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