About PayRentz
PayRentz is a Consumer company based in Chennai (India) founded in 2015 by Balaji Seshadri. Rents home appliances and furniture with fast delivery and support services. It operates on a D2C and B2C model. PayRentz has raised $584.12 thousand across 1 funding round. Its website payrentz.com draws about 13 thousand monthly visits. PayRentz offers products and services including Rental Platform, Washing Machine Rental, Refrigerator Rental, and Furniture Rental. Its focus areas include Rental Services, Home Furnishings, Furniture Rental and Home Appliances. Its legal entity in India is Pr Rental Solutions Private Limited (U71309TN2016PTC113411). Its competitors include Cityfurnish, GuaRented and Voorent; 3 of its 3 listed competitors have raised funding.
Company details
Payrentz operates as a rental service provider based in Chennai, India, offering a wide range of home appliances like washing machines and refrigerators, as well as furniture such as beds and sofas. Customers can browse and order online, complete verification processes, and receive quick delivery with maintenance support. The company serves individuals seeking affordable, temporary access to quality products, emphasizing hassle-free returns and refunds based on client testimonials.
- Headquarters Chennai, India
- Founders Balaji Seshadri
- SectorsConsumer
- Email••••••••
- Website payrentz.com/chennai
- Social LinkedIn X Facebook Instagram
- Legal Name Pr Rental Solutions Private Limited
- Date of Incorporation 21 Nov, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹8,646
FY 2022 · -4% YoY
- EBITDA₹1,222
FY 2022 · 14% margin
- Total Equity Funding$584.12K (USD)
in 1 rounds
- Latest Funding Round$584.12K (USD), Seed
Dec 2024
Associated legal entities of PayRentz
PayRentz operates through Pr Rental Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pr Rental Solutions Private Limited CIN U71309TN2016PTC113411 | Active | 21 Nov 2016 | Chennai, Tamil Nadu | ₹0.0 Cr | 2 | View details |
Products & Services of PayRentz
PayRentz offers a comprehensive portfolio of products and services, including Rental Platform, Washing Machine Rental, Refrigerator Rental, and Furniture Rental.
Online service for renting home appliances and furniture quickly
Provides washing machines on rent with delivery and maintenance
Offers refrigerators for rent with fast service and refunds
Rents beds and sofas with easy pickup and support options
Funding Insights of PayRentz
PayRentz has successfully raised a total of $584.12K through 1 strategic funding round. The most recent funding activity was a Seed round of $584.12 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $584,115
- Total Rounds 1
- Last Round Seed — $584,115
- First Round $584,115
(Dec 2024)
All 1 funding rounds of PayRentz with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $584,115 | Seed | – | – | – |
Board of directors of Pr Rental Solutions Private Limited (PayRentz)
Pr Rental Solutions Private Limited is the primary company behind PayRentz. The board of Pr Rental Solutions Private Limited currently have 2 directors; the longest-serving is Seshadri Prakash, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Seshadri Prakash DIN 07630506 | Director | 21 Nov 2016 | 9 yrs 11 mo | Pr Rental Solutions Private Limited |
| Balajiseshadri DIN 09526678 | Managing Director | 14 Mar 2022 | 4 yrs 7 mo | Pr Rental Solutions Private Limited |
People of PayRentz
1 people are tracked at PayRentz (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for PayRentz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PayRentz
Figures of Pr Rental Solutions Private Limited, the primary company behind PayRentz, for FY 2022. Revenue was ₹8,646 (-4% year on year). EBITDA was ₹1,222 (14% margin). Revenue has grown at a compounded annual rate of -90% over three years and -65% over five years.
- ₹8,646Revenue · FY 2022 · -4% YoY
- ₹1,222EBITDA · 14% margin
- ₹67 LakhPaid-up capital
- -90%Revenue CAGR, 3 years
- -65%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pr Rental Solutions Private Limited are on its company page.
Detailed financial statements for PayRentz
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PayRentz
2 dated milestones of PayRentz across 9 years, from founding to its latest funding, stage changes and deals.
- Founded PayRentz is founded.
- Funding First funding round of $584K.
Competitors of PayRentz
PayRentz has 3 listed competitors in our database, 3 of them funded. They include Cityfurnish, GuaRented and Voorent.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cityfurnish.com | 2015 | Gurugram, India | $8.06M | 237 | Multi-category home improvement products are rented via an online platform. | |
| guarented.com | 2015 | Bengaluru, India | $887,992 | 38 | Online service provider for rental products | |
| voorent.com | 2016 | Gurugram, India | $169,161 | Multi-category home improvement products are rented via an online platform. |
Detailed competitors of PayRentz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayRentz
The website of PayRentz (payrentz.com) receives about 12.7K visits a month.
- Monthly visits12.7K
▼ 38.6% vs previous month
Top companies in Home & Living Products
3 companies that operate in the same segment as PayRentz (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Frequently Asked Questions about PayRentz
PayRentz was founded in 2015 and raised its 1st funding round 9 years after it was founded.
PayRentz is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
PayRentz is a funded company, having raised a total of $584.12K across 1 funding round to date. The company's 1st funding round was a Seed of $584.12K, raised on Dec 2024.
The primary company behind PayRentz, Pr Rental Solutions Private Limited, reported revenue of ₹8,646 for FY 2022, down 4% year on year.
Payrentz operates as a rental service provider based in Chennai, India, offering a wide range of home appliances like washing machines and refrigerators, as well as furniture such as beds and sofas. Customers can browse and order online, complete verification processes, and receive quick delivery with maintenance support. The company serves individuals seeking affordable, temporary access to quality products, emphasizing hassle-free returns and refunds based on client testimonials.
PayRentz's top competitors include Cityfurnish, GuaRented and Voorent.
PayRentz offers Rental Platform, Washing Machine Rental, Refrigerator Rental, and Furniture Rental.
PayRentz operates through Pr Rental Solutions Private Limited.
The legal entities of PayRentz currently have 2 directors, including Seshadri Prakash, Balajiseshadri.