Shared economy in India is estimated to be an about $2 billion industry by end of 2020
In the sharing economy, individuals are said to rent or “share” things like their cars, homes and personal time to other individuals in a peer-to-peer fashion
By making it easier to exchange resources on demand, the sharing economy increases efficiency.
In many circumstances, it allows participants to get by without owning valuable items, such as cars, while creating opportunities for others to extract value from idle possessions or talents.
The sharing economy often involves some type of online platform that connects buyers and seller.
The ‘shared economy’ includes segments such as co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life, Oxford Caps), shared mobility (Uber, Ola, Shuttl) and furniture rental (Furlenco, Rentomojo.)
