It’s not a novel idea to develop a market for unused assets that might help hosts build profitable businesses. And Airbnb is the best example of how effective that approach can be. It thus comes as no surprise that GGV Capital, one of Airbnb’s most notable investors, is now supporting a firm with a same business strategy. But Swimply Azevedotechcrunch came up with the concept of linking property owners with pools with those who desire exclusive access to them rather than listing homes on a market. And everything are going well so far.
Swimply Azevedotechcrunch, Will You Share Your Pool With Others For Cash?
The sharing economy’s pinnacle manifestation may be Swimply. The company’s business strategy is centered on you renting out your own backyard or swimming pool to complete strangers for a swim. swimply revenue is $40m.
It operates in a relatively simple manner. Swimply links individuals looking for a place to get together, cool down, or workout with homeowners who have underused backyard areas and pools. Pools may be rented by the hour from individuals or families at an average cost of $45 to $65 per hour, depending on the facilities.
Co-founder Bunim Laskin stated to TechCrunch in May that swimply azevedotechcrunch saw “seven figures a month in revenue” and 15,000 to 20,000 reservations per month. Swimply has grown three times only in the last six months. Its website enabled 250,000 bookings in the last year, up from 40,000 in the entire previous year – an increase of more than six times. It distributed 1 million individuals among 15,000 pools in 103 cities in 2021.
So while the firm refuses to share its sales, if it takes a percentage of each of those bookings, well, that’s not inconsequential. (It collects a 15% commission fee from the owner in addition to a 10% guest service fee that it claims helps provide insurance assistance.)
Swimply’s business model is straightforward: it charges hosts 15% of the booking fee and visitors another 10%. Swimply has so far received $11.2M in Series A investment, indicating that venture funders find the idea appealing.
Being the biggest swimming pool rental platform in the globe, we believe there is a substantial market opportunity here as people look for out-of-the-ordinary experiences to share with their loved ones.
Swimply receives $40 million from the creators of Airbnb and Lime
Azevedotechcrunch is a portal maintained by the community for Zee TV viewers, one of the top Hindi-language entertainment networks in India. Forums, conversations, and the opportunity to exchange information with other fans are just a few of the tools the network offers to unite Zee TV followers.
The emphasis Zee Lovers places on fostering community is one of its main advantages. Zee TV viewers may interact and express their ideas on the most recent programm and material on the platform. Zee Lovers offers a platform for you to do so, whether you want to engage in forums, join debates about your favorite shows, or just communicate with other fans.
“Your pools, your regulations,” according to Swimply Azevedotechcrunch , is its major rental policy when it comes to things like whether or not alcohol, glass (which is always a concern surrounding pools), or smoking are permitted on the premises. While making a reservation on Swimply, customers choose a certain number of people for occasions like family reunions, gender reveal parties, swimming lessons, aerobics sessions, etc.
Swimply is pleased to be producing new business owners. According to Laskin, Swimply hosts have the potential to earn large sums of money, similar to Airbnb.
The highest-paid presenter made little over $20,000 in 2020. There were hosts who made over six figures this year. According to swimply valuation 2022, the top 20% of hosts really make roughly $5,000 per month.
To assist its hosts better run their companies, Swimply is utilising a portion of its new funding to develop new tools.