Oct 18, 2014

Store More a Startup in India that stores extra goods at your home

TAGS: STORAGE, STARTUP, IDEA, INDIA, BUSINESS, WAREHOUSE, STOREMORE, REVENUE MODEL, B2C B2B, STAR RECORDS, AMITH, KOTHARI, 
Store More a Startup in India that stores extra goods at your home

Indians primarily utilize storage facilities in emergency situations like moving to a new house or renovation and the like. Eventhough the concept of clutter-free living is still not very common in India, Amit Wilson & Pooja Kothari could see an opportunity in storing personnel belongings and executed their idea to launch a Starup "STORE MORE " in Noida.

WHAT CAN YOU STORE @ STOREMORE ?
Right from old cassettes, CDs, books, files, documents to seasonal clothes and other personal belongings.

REVENUE MODEL:
Storemore runs as  a B2C & B2B model and clients are charged according to the type of service they choose. If the item to be stored can be packed in boxes, the company charges Rs. 100 a month for five boxes and Rs. 800 a month for 50 boxes. “Things that do not fit in our boxes are charged Rs. 99 a month,” says Kothari. Depending on the volume, size, the minimum storage time is decided. It can be even stored for a day if it’s huge in size.

The company does not charge anything for the first pick up and drop of boxes, however, after that it bills Rs. 99 per box for delivery. For non-box items, a small van will charge Rs. 99 per item provided a total of Rs. 500 can be billed and in case of a bigger van, a bill of Rs. 1,500 is mandatory.

SEED CAPITAL
Rs. 30 lakh

SPACE TO STORE
Initially started in a 3,500 square feet warehouse
Currently moved to a 10,000 square feet warehouses in Noida and Manesar

OPERATIONS
Delhi-National Capital Region
Mumbai

CUSTOMERS WHO USE STORAGE SERVICES
Clients come to Storemore only through triggers like
  • Marriage in the house
  • Overseas transfers
  • Renovation
  • People who have items with Sentimental & emotional value
TARGETED CUSTOMERS
Corporate Companies [B2B]
eCommerce Companies[B2B]
Household Clients [B2C]

FACILITIES IN THE STOREMORE WAREHOUSE
Every aisle has CCTV cameras at every six feet
Fire prevention device
Bio Metric access to storage area

CLIENT SIZE
150

POPULAR CLIENTS USING STOREMORE
Nestle, Punjab and Sind Bank, Tata Motors.

CHALLENGES
To run these kind of business model one has to set up an efficient system and process for storage and retrieval of files.

MORE IDEAS IN THIS STORAGE SPACE
Art and Wine storage


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