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Matrix launching Rental Portal "www.erenthub.com" (February 16, 2001)

Matrix has floated web portal www.erenthub.com for rental business in India.  It is a one-stop rental venue.  It is a web Portal one of its kinds, focusing on rental requirements of the people coming from the other cities and abroad.

Initially portal www.erenthub.com focuses on Delhi and in second phase, it would enhance the coverage to include the other metros like Mumbai, Calcutta, Chennai, Bangalore etc. 

Erenthub provides a unique package to cater to the needs of individuals, corporate and diplomatic missions for their long term and short-term rental needs.  It offers customized packages to frequent travelers to make online orders and get everything ready well in advance before he reaches the destination. The idea is to provide everything under one umbrella than to make customer run from pillar to post for one simple assistance.  The person can glance through the products and services along with the rental charges/tariff structure sitting in his own country / state and can transact online order. 

The categories in which www.erenthub.com is providing services are Computers, Audio visuals, Cars, Cell Phones, Hotels, Furnished Apartments etc.  erenthub.com has its own warehouse as well as associate companies to execute online orders. 

The survey conducted by erenthub.com has established a heavy demand for these common services from people coming from the other cities and abroad.  Out of all the categories Car: 45%, Cell Phones: 25%, Audio-visuals: 15%, Properties: 20% business transferred to online and expected growth of 100% every year. erenthubs internal Survey Projected 2,00,000 consumers will avail this service from online transaction in next couple of years.  For associations and tie-ups in the other states erenthub has sent letters and brochures to the reputed companies.  The replies and proposals received for tie-ups are quite encouraging. 

erenthub showroom is a rental shop where best products are available at very Competitive Cost module. At erenthub, best services are available round the clock though our in-house management team along with associate vendors. 

erenthub will also provide assistance in organizing seminars and conferences, Whereby it will take care of everything in the rentals from booking the hotel, designing, audio-visuals, on site registration, direct mailing and lot of other things including Press Communication etc. 

erenthub has the payment gateway to accept online payments though all the major credit cards like Visa, Master, Citibank etc.

www.erenthub.com expects to earn revenue from two sources: (a) from the customers making the bookings and using erenthubs facility for the rental of the products (b) form the banner advertisements in the portal.  erenthub is projecting turnover of Rs.25 Lakhs in first year of operation and expecting Profitability with next three years of operations. 

Till date development of web portal is funded by own resources, Matrix net-on-line Limited will discuss with Banks / Financial Institutions for funds for expansion of operations very soon.


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