EXPIRED: WhyBuy
WhyBuy is capitalising on the booming sharing economy and the growing consumer appeal of waste reduction with the launch of a new app. The app allows users to instantly browse, book and rent a wide range of high-quality household products. Items can be rented for any length of time without the complications of long-term contracts or the pain of storage and maintenance.
WhyBuy is focused on sustainability and minimising carbon generation; they use a 100% electric delivery fleet and ensure that orders are localised.
They are targeting a market for whom renting goods rather than owning is the new normal. It’s a proven model that is being adopted by some of the UK’s largest retailers. Just this month, John Lewis announced the introduction of a furniture rental scheme and Selfridges announced they will offer their fashion items up for rent.
Currently raising funds via CoInvestor.
| Raising: | £250,000 |
| Tax: | EIS |
| Deadline: | 01-08-2022 |
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