Devendra from Rajasthan launched Ole Rooms, which got listed in FY21.
An incident can change a great deal in somebody's life, and for 18-year-old Devendra Sharma, it offered him a chance to turn into a business person.
Devendra (presently 21) is the Founder of Jaipur-based Ole Rooms that allows individuals to list, find, and book convenience for an individual or on a common reason for an ideal period — from a day to over a year. Begun in 2018, OLE Rooms is an online commercial centre for leasing pads, paying visitor houses, and lodgings without financiers for as low as Rs 199 per day. The startup professes to have obliged more than 2,300 clients and is presently at a development stage.
As of now, OLE Rooms has more than 3,600 properties on its foundation in urban areas like Jaipur, Kota, Bikaner, Ajmer, Bharatpur, and Sikar. As of late, the startup has boarded rooms in Delhi as well. It is currently searching for ventures to the tune of Rs 1.5 crore to scale to 15,000 properties in the following year and a half.
A designing wannabe, Devendra was looking for a space to remain in Kota, Rajasthan, in 2017." My dad and I continued searching for rooms the entire day. My dad, who had pulse and diabetes, imploded, and I needed to surge him to a clinic," reviews Devendra. This episode made him consider the issues different understudies may be looking at in discovering reasonable convenience. "I thought, why not make such a stage where individuals can see the room and book it quiet?" He began chipping away at the thought and picked Sitapura in Jaipur as his first objective since it has a few designing universities and a sizable understudy populace. To begin, Devendra contributed a seed capital of around Rs 1 lakh. Over the most recent two years, he has raised Rs 2 lakh from loved ones to grow the startup's activities.
As indicated by him, the startup enlisted Rs 50,000 income in FY18 and Rs 6 lakh income in FY20. "We intend to have around 15,000 properties and 10,000 clients before the finish of FY21, alongside twofold digit income development to arrive at Rs 50 lakh by FY22," he adds. While the pandemic has influenced the business, Devendra is sure about development and says the market will be back with 10x speed in the following, not many months.