After transferring from The US to Mumbai, Pratyush Jalan, had some of suitcases and piano which he wanted to put someplace safe until he should settle down and locate himself an area. But, to his surprise, he could not locate any location or provider that could help him keep his stuff for a few days. Unlike the west, Indian cities do now not include a garage space as well. This left him with an idea to paintings on the concept of garage in city towns.
He then began operating on his brainchild and based BoxMySpace, a one-forestall technique to declutter your home and workplace space. Currently running with a team of seven, Pratyush is based out of Mumbai and the group is operating on supplying purchasers with a garage space. They supply the boxes to your step and as soon as the entirety has been packed, you could time table a pickup to get them stored thoroughly.
How does it Work?
BoxMySpace presents two services. They are classified as Storage with the aid of container and Storage by area. While storage with the aid of box is favored for small gadgets which encompass books, antiques and different ‘boxed’ items, area idea is used for alternatively huge and heavy objects inclusive of furnishings and bulk merchandising. The storage technique entails a series of simplified steps:
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The consumer goes on-line, registers himself and selects the requirement, either storage by container or by means of space.
In case of field, after choice and registration the company offers the specified wide variety of boxes, three sq. Feet. In length to their doorstep and gives the person a time of 7 days to percent their stuff, after which a pickup is scheduled.
Once achieved, the employer choices up the containers and promises them to the garage warehouse in Bhiwandi. In case of storage by means of area, the pickup is scheduled and achieved. Spaces provided are usually 4X4X4 feet. And 6X6X6 feet.
The bins which are packed by the purchaser are scanned from the pinnacle view and the photographs are uploaded to the patron’s online account in order to ease popularity with the help of a visible catalogue. In case the client needs the box back, the enterprise provides a 24 hour shipping provider.
Unique features of BoxMySpace
Being the simplest issuer of storage space for each B2C and B2B, BoxMySpace affords an introduced function of document storage in the bins. The documents are digitized, a procedure concerning scanning and uploading all of the virtual documents contained in the container at the consumer’s account for further use, with out the need to call returned the box.
The delivery and pickup time is 24 hours, which makes shipping and pickup of boxes convenient while not having to look forward to long durations of time.
Challenges and Competition
According to Pratyush, “The biggest become obstacle changed into building up a terrific logistics operation crew, figuring out distinctive hurdles and starting at a low value. Most of the logistics operations are B2B so the providers typically have huge volumes, as a result, to persuade them to deal with become a massive problem.”
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There are numerous startups working on this area in US and UK, one of the popular ones being Makespace that's based out of NYC. The storage space enterprise in India, but, has no different competitors at present which makes BoxMySpace the sole player in the industry.
The Startup Model and strategy
BoxMySpace follows a subscription model to generate revenue and standardized pricing on a monthly basis. While a box expenses INR 99 consistent with month, a area of 4X4X4 ft. May be rented for INR 999 consistent with month and a 6X6X6 feet. Space charges INR 1999 in step with month. The organization is growing at a charge of about eighty percent month-on-month basis. And to enhance their working and enhance the generation, the startup is in talks with numerous traders concerning funding. As of now, BoxMySpace is a bootstrapped undertaking.
Pratyush, an undergraduate from Cornell University, NY has left no stone unturned to market his product and has applied each online and offline advertising and marketing techniques to unfold the phrase.
Our Take
The idea of garage space is intriguing, however, it ought to additionally be saved in thoughts that individuals who are storing their assets in a few outside garage location are risking the security of the equal. Though the corporation commits to safeguarding facts and offers an insurance of upto INR 10,000, this will prove to be a hassle for the startup.
