Self storage is probably one of the most innovative offerings of the storage industry. Going back to 1891, self storage has been making it easy for people to store their goods in a storage unit that they typically book on a month to month basis. When we first sat down with the founder of a self storage solution firm, we had a preconceived notion that it won’t have anything new to offer to the already crowded space. But the deeper we got into the conversation with them, the more we realized their product was.
The firm was an on-demand self storage unit which offered a range of services like packaging, moving the goods to the storage unit, picking products from the unit to give back to the customers when they needed it, etc. Basically, it was taking out all the efforts of self-management from the self storage sector. The product idea was truly revolutionary, as there are very few businesses that offer an end-to-end solution.
“The moment we got a grasp of their model, we learned how profitable they could get in terms of the scope they carried. In many ways, the brand was fit for funding and we knew we had to help them secure it from the notable names in the storage and similar space” – Ash Narain, CMO, Marquee Equity.
The global self storage market is poised to reach a valuation of over 64.71 billion by the time we hit 2026. The self-storage sector has been witnessing a speedy and exponential growth driven by the COVID pandemic. The era has pushed people towards reorganizing their houses, finding extra spaces as they move to complete lockdown, and making the move towards their hometowns and suburbs till the COVID era subsides. All of this together has brought in a demand for spaces to store their goods as they settle their lives.
In a flourishing period like this, the model that our client came up with offered a complete solution for the end to end storage needs.
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