Tech Rentals Provider

2 Tech Rentals Provider Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

Tech rentals are a type of business that provides people with access to technology. It offers short-term rentals of the latest devices and gadgets to consumers and businesses.

To get started, you'll need a wide selection of the latest devices, as well as a strong marketing strategy to reach your target market. You'll also need to be able to provide excellent customer service and support.

Tech rentals's estimated annual revenue is currently $10.7M per year. Tech rentals's estimated revenue per employee is $260,000.

The recent trends such as the rise of the sharing economy and the popularity of short-term leases make this an ideal time to start a tech rental business. This type of business is growing in popularity as people are looking for ways to use technology without having to purchase it.

In this list, you'll find real-world tech rentals provider success stories and very profitable examples of starting a tech rentals provider that makes money.

1. Casa Mia Coliving ($2.4M/year)

Eugenio and Ahmed, co-founders of Casa Mia Coliving, came up with the idea for their business after experiencing challenges with finding suitable accommodations while working in different countries. They saw the potential for coliving and decided to create a sustainable and modern coliving company in Singapore. Through their innovative approach and effective marketing strategies, Casa Mia Coliving has reached an annual revenue of $2.5 million and aims to double their business this year while launching in a second city.

How much money it makes: $2.4M/year
How many people on the team: 7

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

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2. DeepBench Inc. ($1.2M/year)

The co-founders of DeepBench, Yishi, Derek, Devin, and Nikhil, met while studying at MIT and realized the need for a better, more efficient expert network. They saw that existing networks were slow, expensive, and disjointed, and believed that technology could solve these problems. By automating the expert-finding process and prioritizing user interface, security, and transparency, DeepBench has attracted over 450 clients and facilitated nearly 2,000 consultations.

How much money it makes: $1.2M/year
How many people on the team: 8

How These Founders Built A $100K/Month Business Disrupting The Expert Network Industry

DeepBench, a company disrupting the expert network industry, offers a platform connecting clients with expert advisors for informed decision making, serving over 450 clients and 25,000 advisors and achieving their best quarter yet in Q1 2021.

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