Top 16 Sharing Economy Startups to Look Out in [2023]

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Top 16 Sharing Economy Startups to Look Out in [2023]

Have you ever wondered who is on the list of Sharing Economy Companies with the highest growth rates?

You’re not alone.

There are hundreds of Sharing Economy Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 16 fast-growing Sharing Economy Startups that have top-tier venture capital funding.

What is Sharing Economy Startups?

Sharing economy startups are businesses that allow individuals to rent, borrow, or share goods and services. 

Examples of sharing economy startups include Airbnb, Uber, and Lyft. These companies typically use technology to connect customers with providers of goods or services and offer a more convenient and cost-effective way to access resources.

Top 16 Fastest-Growing Startups In Sharing Economy

1) Wonderschool

Wonderschool is a platform that allows people to start newborn and toddler programs as well as preschools from the comfort of their own homes.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2012
  • Founders: Arrel Gray, Chris Bennett
  • Number of employees: 11-50
  • Funding amount: $24,100,000
  • Number of funding rounds: 6
  • Number of investors: 18

You can find their website here.

2) Grover

Grover is a firm that allows individuals to subscribe to electronic items on a monthly basis rather than purchasing them outright.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2015
  • Founders: Michael Cassau
  • Number of employees: 101-250
  • Funding amount: € 342,000,000
  • Number of funding rounds: 11
  • Number of investors: 19

You can find their website here.

3) ShearShare

ShearShare is the first B2B marketplace that connects salon and barbershop owners with stylists on a demand basis to fill their vacant space.

Details of the startup:

  • Country: United States
  • City: Mckinney
  • Started in: 2015
  • Founders: Courtney Caldwell, Dr. Tye Caldwell
  • Number of employees: 11-50
  • Funding amount: $5,500,000
  • Number of funding rounds: 3
  • Number of investors: 19

You can find their website here.

4) Rheaply

Rheaply is a procurement management platform that allows you to purchase, sell, trade, donate, and rent resources.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2015
  • Founders: Garry Cooper, Tyler Skelton
  • Number of employees: 11-50
  • Funding amount: $12,700,000
  • Number of funding rounds: 4
  • Number of investors: 16

You can find their website here.

5) Neighbor

Neighbor is a peer-to-peer marketplace that specializes in public storage, economic empowerment, sharing economy, and peer-to-peer marketplace.

Details of the startup:

  • Country: United States
  • City: Lehi
  • Started in: 2017
  • Founders: Colton Gardner, Joseph Woodbury, Preston Alder
  • Number of employees: 11-50
  • Funding amount: $65,700,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

6) Beam

Beam is a micromobility firm that rents out electric scooters.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2018
  • Founders: Alan Jiang, Deb Gangopadhyay
  • Number of employees: 101-250
  • Funding amount: $33,400,000
  • Number of funding rounds: 5
  • Number of investors: 25

You can find their website here.

7) Yulu

Yulu is a micro-mobility platform in India that uses shared electric two-wheelers to alleviate traffic congestion and pollution.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2017
  • Founders: Amit Gupta, Hemant Gupta, Naveen Dachuri, RK Misra
  • Number of employees: 101-250
  • Funding amount: $19,900,000
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

8) Drivezy

Drivezy is India’s largest vehicle sharing network, allowing consumers to turn their automobiles into family members who earn money.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2015
  • Founders: Abhishek Mahajan, Amit Sahu, Ashwarya Singh, Hemant Kumar Sah, Vasant Verma
  • Number of employees: 101-250
  • Funding amount: $149,322,624
  • Number of funding rounds: 11
  • Number of investors: 26

You can find their website here.

9) GigIndia

GigIndia is a platform that connects corporations with on-demand work fulfillment via a gig workforce of job seekers.

Details of the startup:

  • Country: India
  • City: Pune
  • Started in: 2017
  • Founders: Aditya Shirole, Sahil Sharma
  • Number of employees: 11-50
  • Funding amount: $971,278
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

10) Style Theory

Style Theory is a fashion rental subscription platform that offers affordable and environmentally friendly fashion options.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2016
  • Founders: Chris Halim, Raena Lim
  • Number of employees: 101-250
  • Funding amount: $15,000,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

11) DUCKT

Duckt is a solution for micromobility infrastructure. For better operations, a better experience for people, and a better city, we dock, lock, and charge.

Details of the startup:

  • Country: Estonia
  • City: Tallinn
  • Started in: 2019
  • Founders: Cagri Selcuklu, Evren Yazıcı, Goksen Atalay
  • Number of employees: 1-10
  • Funding amount: € 800,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

12) Cityscoot

Through an app, Cityscoot provides full access to electric scooters in Paris, Nice, Milan, and Rome.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2014
  • Founders: Bertrand Fleurose
  • Number of employees: 251-500
  • Funding amount: € 78,600,000
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

13) BuyHive

BuyHive is responsible for sourcing products and manufacturers with greater trust and transparency for global purchasers.

Details of the startup:

  • Country: Hong Kong
  • City: Hong Kong
  • Started in: 2019
  • Founders: Brent Barnes, Michael Hung, Minesh Pore
  • Number of employees: 11-50
  • Funding amount: $1,650,000
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

14) myHQ

MyHQ transforms your regular coffee shop into a productive work environment. You can work in a fantastic atmosphere without having to pay any rent.

Details of the startup:

  • Country: India
  • City: Delhi
  • Started in: 2016
  • Founders: Utkarsh Kawatra, Vinayak Agarawal
  • Number of employees: 1-10
  • Funding amount: $2,100,000
  • Number of funding rounds: 5
  • Number of investors: 11

You can find their website here.

15) SnappCar

SnappCar is a car-sharing marketplace that offers dependable and easy-to-use vehicles.

Details of the startup:

  • Country: The Netherlands
  • City: Utrecht
  • Started in: 2011
  • Founders: Pascal Ontijd, Victor van Tol
  • Number of employees: 11-50
  • Funding amount: € 24,190,000
  • Number of funding rounds: 11
  • Number of investors: 6

You can find their website here.

16) Luxstay

An online short-term rental platform and hospitality service that allows guests to stay in the homes of locals for a unique experience.

Details of the startup:

  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2016
  • Founders: Steven Nguyen
  • Number of employees: 101-250
  • Funding amount: $10,500,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

FAQs

Is Sharing Economy Business Profitable?

The sharing economy can be profitable, but it depends on the specifics of the business. Some sharing economy businesses have been extremely successful, while others have struggled to make a profit. 

Factors such as the size of the market, user experience, product quality, and price can all play a role in the success of a sharing economy business.

What Is The Average Investment In Sharing Economy?

The average investment in sharing economy startups varies depending on the startup, its stage of development, and the investors involved. 

Generally, investments into sharing economy startups tend to range from $1 million to $20 million. However, some startups have raised much more than that, with investments of up to $250 million.

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