New Delhi, Oct. 25 -- Mumbai-based Utsav Saxena, 27, has been renting furniture for about 14 months now by shelling out as much as '1,850 every month for a double bed and wardrobe, which you could otherwise buy for '15,000. Although he has spent much more on rent, easy installation, transfer facility and the option to upgrade to a new furniture is what works for him. "The biggest plus is that I don't have to block a chunk of my capital for the product," said Saxena, a financial consultant.
With more and more millennials moving away from home for education and jobs, platforms offering FaaS (Furniture as a service) are becoming popular. Established furniture retailers such as Ikea too are working on the FaaS model. But before you go out and ...