Executive

RentRovi

https://www.rentrovi.com/
Progress records
0
Stage of your startup
Paying users
When did you start
June 2019
City
Istanbul, Turkey
Definition in 1 sentence
Online Housing Rental Platform
Elevator pitch
We are a web platform rental property that helps Landlord and Tenants respectively rent-out or rent a house. We match secure tenants profile with landlords. Providing house insurance to Landlord, less commission and no deposit for tenants. All these without too much effort on both parties.
Are you incorporated?
Yes
Category
Software, Consumer
Sector
Real-Estate
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
Video Password
Startup Presentation
Other Documents
Image gallery
Why do you want to attend this program?
Entrepreneurs, Developers, Designers, Marketers, Product managers, Startup enthusiasts, Tech guys, will be there. What could be an opportunity for RentRovi. It's more than just a place to give our idea wings, it’s a place to plug into a community of talent and attracts the best makers for us.
Create Date
Friday, January 8, 2021 11:19 (Pacome Avahouin Mboumba)

Business model

Describe the problem you are solving
We replace the traditional rental property model, which involved real-estate agent, high commission, deposit fees, and unsecured tenant profile, by offering through our web platform a new different way for landlord to rent-out their house to secure tenants checked and verified by RentRovi. Offering them a free house insurance in replacement of the deposit that we remove. For tenants we give them possibility to rent with less commission and no deposit.
How are your customers solving that problem today?
The problem is not beeing solved today, cause customers are still using the traditional dynamics including:
- real-estate agent = high commission
- at least a 2 months deposit (that the landlord usually don't want to give back)
- insecure tenants profile (tenant leaving without paying last rents sometimes)
Target custormers - Define customers, who are they
Students, Civil servants, White collar workers
How do you plan to acquire customers?
- Advertising -Social Media -Social Media Advertising
What is your revenue model or expected revenue model?
- Commission
- Advertising
- Subscription

Market info

What is your target market?
- Students
- Workers
- Civil Servants
What is your total available market size
$ 1,600,000,000
What steps have you taken to validate the market?
- Rent out 6 houses offline
- 1 house rent out with RentRovi's model (less commission + no deposit)
Do you have competitors? Please write down the names
Competitor name
Competitor website
Competition: write down competitors and explain
Our biggest competitor is Quintoandar from Brazil. They have a similar dynamic like us. They are not yet global but they became a unicorn startup in September 2019 after a total investment of $350M USD.
Who are your competitors and how are you different?
- Spotahome
- Rentberry
- Quintoandar
- Speedhome

As RentRovi we have a 50% advantage on commission, Providing house insurance, Removing the deposit, and following up our customers even after transactions, for better service
Traction / KPIs
What progress have you made in the last six months?
- Finalized our first prototype
- Apply to KWORKS start-up program for Tech Support
- Connect to Amazon Web Services
- Deployed to production
How many customers/users do you currently have?
105
What is your monthly growth rate?
Describe traction
From June 2019 until today, we have reached 360 users on our platform. We rented out 72 houses from a total of 183 houses.

Finance

How much runway do you have left(Month)?
3
How is equity divided?
Equity type
Name surname
Email
Equity
Founder
Ismail Baş
% 82
Co-Founder
Pacome Avahouin Mboumba
% 15
Other
Kworks
% 3
How much money raised since start?
$ 0
Revenue lifetime
$ 0
Last months revenue
$ 600
Investment round
Seed round
Target fund to raise
$ 200,000
Equity on offer
% 6
Number of employees
6
Other info Write bullet points (Grants, prizes, acceleration)
Add more comments

Team

Owner member
Yes
Member role
Co-founder
Name surname
Pacome Avahouin Mboumba
Title
Chief Technology Officer
Education
Master's Degree
School name
Sakarya Üniversitesi
Birthdate
09 May 1988
City
Istanbul, Turkey
Short Bio
Full-stack developer. Bachelor in Databases, Network and Web Design. Master degree in Cyber Security. Worked 2 years as developer at IBM Gabon.
Meeting story with Cofounders
A common friend from England introduced us together.
Working together time
Over one year.
Owner member
No
Member role
Founder
Name surname
Ismail Baş
Title
Chief Executive Officer
Education
Master's Degree
School name
Istanbul Bilgi Üniversitesi
Birthdate
24 December 1991
City
Istanbul, Turkey
Short Bio
I am a graduate of International Relations from the University of Opole. MA Istanbul Bilgi University.
I'm a curious person who loves to learn. Taking risks, trying new things is my greatest passion.Reading, exploring different places, fashion and swimming are among my biggest hobbies.