E-Commerce

Bye bye, buying! Just rent it with Bioma

October 5, 2022
Bioma

Want a TV, laptop, or a couch? You can have it all with Bioma! This Indonesian startup lets anyone access the best high-quality items by renting them — instead of buying them. Oh, and they've just raised a pre-seed. While the numbers are hush-hush, here's what we know!

Investor check. East Ventures and Init-6 co-led the round.

💯 Want it? Just rent it!

Their platform has over 1,000 different products across electronics, furniture, kitchen appliances, mom and baby items, and more. Just pick what you need and pay per use!

  • Forget the cheaper option. Now, you can pick a high-quality TV or baby stroller without worrying about the price.

Zero hassle. They'll ship it to you and even help you install it if needed. Plus, repairs are covered, and you can upgrade to a new product anytime. Convenient and affordable — what's not to love?

🤔 How they make it happen

Over 90% of the products on Bioma are owned by brands and individuals who earn through a revenue-sharing model. Bioma handles all the operations end-to-end, from delivery to repair!

😎 Good for business

Not just for you and I. It's for businesses too! Buy company laptops, upgrade your facilities or get office furniture. It costs way less and has zero long-term commitment. Upgrade or stop using the items anytime!

  • No stressing out if it broke or worrying about where you'll store it if you stop using it — just send it back to Bioma.
  • Become more asset-light, lower costs and invest your resources in more important parts of the business.

🌳 Good for the environment

Multiple customers can reuse products instead of items ending up in the trash (or dusty storage drawers).

  • Bioma also extends the life of each product through repairs and maintenance, then recycling, upcycling or repurposing each item to limit waste.

💰 What's with the $$$?

They'll be increasing operations and products while growing the team and building a seamless user experience.

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