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Self-Storage Startup Space Valet Launches in Mumbai, India

Space Valet, a startup business specializing in traditional and valet self-storage services, has launched in Mumbai, India. The company uses an online platform that allows valet customers to schedule item pickup, maintain a visual catalog of stored belongings, and schedule delivery of items to their home or business. It also offers storage units with private access.

The company’s by-the-bin storage option is similar to that of other valet-storage operators. Customers can store individual bins in a secure warehouse for R299 each per month. Four sizes of private storage units are available ranging from 120 to 800 cubic feet. The smallest rents for R1,650 per month, while the largest fetches R11,000, according to the company website.

Valet customers can use the company’s mobile app to manage their belongings to schedule return deliveries and item pickup. It isn’t clear if the company charges for delivering items back to customer homes. Space Valet partners with a moving company as its transport fleet. Moving assistance is available for traditional self-storage customers.

The company was founded by cousins Ameya and Devak Davda. Both entrepreneurs were exposed to self-storage while studying abroad and believe the concept will be embraced by Mumbai residents who don’t have adequate home storage. The city’s population is about 18.5 million people.

"I was in California and Devak in London, and while we were there, we learned how popular self-storage is among people,” Ameya Davda told the source. “It's a 60-year-old concept and almost a $40 billion industry. People are always on the lookout for additional storage space, more so in Mumbai.”

Sources:
Mid-Day.com, New Start-Up in Mumbai Offers Private, Lockable and Secure Self-Storage Units
Space Valet, Website

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