WhyBuy intends to do for things at home what Uber did for car ownership and Deliveroo did for takeaway.
- Over 8,000 total downloads since launch
- The sharing economy is projected to grow to $335 billion by 2025
- Expand consumer options -100s of items they don't need to own
- 100% electric delivery fleet producing zero carbon & minimal cost
How much stuff do you own at home that you never use? How much money is tied up in those things at home that you bought for a single use?
At WhyBuy, we think the answer to both questions is “too much” and we want to be the change that empowers people without compromising on quality or experience.
With a 100% electric delivery fleet, this makes WhyBuy one of the greenest startups in London and is dedicated to saving time, space, money and the environment.
Why buy when you can rent BETTER for LESS?
• WhyBuy allows consumers to have items delivered for short periods at a time of their choosing
• Why buy a high quality drill for £150 that will sit in a cupboard for 364 days a year when you can access one for £15 per day
• Rent a tent from £8, a fondue set from £18
• Buying the cheap alternative results in devices being thrown out after limited use
• Consumers want to be able to access items for brief periods
• High quality, top-of-the-range brands can be provided at a fraction of ownership cost
- (B2C) business with consumers will pay a fee based on items hired depending on item and period hired
- Average order value target is £38
- We look to achieve a cost per day of hiring of approximately 7.5% of purchasing an item outright and expands opportunities for consumers (min. 2 day rental)
- Bookings are made up to 48 hours in advance to ensure stock and inventory are managed accurately
- Model is not like other P2P's - inventory and stock is curated and managed directly by WhyBuy to ensure quality, pricing and delivery
- 75% of the workforce are expected to be millennials by 2025, who are increasingly conscious of how their behaviour impacts the economy
- The sharing economy is projected to grow from $15 billion in 2014 to $335 billion in 2025
- Living an on demand lifestyle is now the norm
- On demand services such as food delivery, car sharing and furniture is seen as a way of accessing a lifestyle that is prohibitive if one was to own outright