~Expands operations in Chennai, Kolkata, Ahmedabad, Delhi-NCR, and Hyderabad to accelerate growth and reach~
02 May 2025, New Delhi: RentenPe, a pioneering app redefining the rental landscape in India, is thrilled to announce its expansion into the country’s most vibrant cities — Chennai, Kolkata, Ahmedabad, Delhi-NCR, and Hyderabad. Following its success in Mumbai, Pune and Bengaluru, RentenPe is set to elevate rental experiences for tenants and landlords alike in these bustling metro cities.
India, with nearly half its population under 40, is seeing a surge of young professionals migrating from smaller towns to major cities, driving demand for secure, value-driven rental solutions. Many spend about 30% to 40% of their income on rent while aspiring for homeownership. According to research endorsed by the global consultancy firm Ernst & Young Parthenon, India’s residential rental industry was estimated at INR 1.85 lakh crores across seven major cities in FY 2021, and is set to grow at a CAGR of 8–10% over the next five years.
RentenPe is addressing this need through its intuitive mobile app—available on Android and iOS—which has already recorded over 7,000 downloads. The platform currently serves 3,514 tenants and 1,015 landlords, with each user assigned a unique digital identity in the form of RentenPe’s proprietary Residence Card – R CardTM and facilitating over ₹2 crore+ in rent transfers through its app. It offers various services, including instant ID Verification, Address verification, E-Court Record Checks, Digital Agreement, Chatbox and access to short-term loans to meet rental needs through leading NBFC partnerships. To offer better value for money for the landlords, they also offer several of these services as a bundle, with lower charges
Elaborating her vision for RentenPe, Ms. Sarika Shetty, Co-Founder and CEO, says, “Traditionally, rent hasn’t been a part of credit score calculations in India. At RentenPe, we’re redefining what it means to rent by making Rent Credit Scores a mainstream concept, helping residents transition from renting to home ownership. Our vision is to provide a seamless, stress-free rental experience while driving a positive shift in the rental ecosystem with more financial inclusion. Our recent expansion into Chennai, Kolkata, Ahmedabad, Delhi-NCR, and Hyderabad is a part of our ongoing efforts to ensure that no home is rented out by landlords in the upcoming years without an exchange of R CardTM.”
Addressing the longstanding need for transparency and innovation in the country’s fragmented rental sector, RentenPe is reinventing the renting experience for tenants and landlords by leveraging technology to enable secure, efficient transactions and a user-centric design that ensures ease of access. Tenants can pay rent on RentenPe while improving their R ScoreTM – India’s first rent credit score, as well as get short-term loans and rewards for making regular rent payments, while landlords can use it to expedite tenancy and on-time rent payment, as well as background checks.
In addition to providing access to microloans, R Score can empower those who are new to credit by converting monthly rent payments into a reliable credit history. This alternative scoring model enables banks to assess creditworthiness more accurately to bring millions into the formal financial ecosystem.
About RentenPe: RentenPe is driving a paradigm shift in the residential rental ecosystem with a mission to unlock the power of rent. As a pioneer of India’s first Rent Credit Score, RentenPe introduces a revolutionary concept by creating a system where timely rent payments hold real financial value, fostering a trusted, transparent environment for all stakeholders. The platform is designed to reward landlords, tenants, and real estate professionals alike, empowering each to benefit from a smarter, more accountable rental experience.
