Assam Startup Impact Report
Assam Startup TrailBlazers
| Startup Name |
LensHood |
| Founding Year |
2019 |
| Founders | Mukesh Babu, Sree Bhargav |
| Business Category |
Rental Commerce |
| Startup Stage |
Pre-Launch |
| Support Required from The Nest |
Funding, Mentorship, Networking |
| Investment Required |
1, 00, 00, 000 |
| Type of Entity |
Pvt. Ltd. |
| Website | |
| Startup’s Objective |
LensHood’s vision is to build a sustainable future where people collaboratively consume various equipments and resources, thereby making anything affordable and accessible. |
| Market Need |
There is no way currently to rent out equipment online and have it delivered at the doorstep. The offline rental industry is fragmented and in case one needs multiple equipments, he will have to visit a number of shops after having to call or ping each shop separately. Also, for every new city he visits, he will have to search all over again. |
| Product/Service description |
Calling themselves the Airbnb for photography, LensHood is a peer-to-peer photography equipment rental platform. The online platform connects the lenders with the borrowers, taking care of security, pickup and delivery. In case of a damage, the startup has an insurance policy – the first of its kind in India. |
| Customers/Users | Anyone with a need to borrow or rent photography equipments. |
| Revenue Model |
The startup charges convenience fee per transaction. |
| Current Traction |
In their pilot run, LensHood did 1,00,000 INR GMV across 76 orders. They have around 1300 likes on FB and 500 followers on Instagram and receive constant requirements from the potential users on social media handles every week. |
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