Shared economy at $2 bn by end-2020

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News:According to a recent report by Maple Capital Advisors, the Shared economy in India is estimated to be about $2 billion industry by the end of 2020.

Facts:

About Shared Economy:

  • The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services that is often facilitated by a Online platform.
  • It includes segments such as co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life), shared mobility (Uber, Ola) and furniture rental (Furlenco, Rentomojo).