Stashbee: Detailed Analysis of the Sharing Economy Business Model

This report analyzes Stashbee's peer-to-peer business model within the sharing economy, focusing on its innovative approach to connecting individuals for storage and parking solutions. It examines Stashbee's operational model, which includes luggage storage and long-term parking, and highlights the benefits for both property owners and users. The report references Stashbee's financial milestones, including its initial investments and the growth of its storage space, showcasing its rapid expansion and market success. By exploring the company's MVP launch and the increasing number of registered users, this report offers a comprehensive overview of Stashbee's impact on the sharing economy, providing valuable insights into its strategies and achievements.

THE STASHBEE SHARING ECONOMY
Many modern-day businesses are embracing a peer-to-peer business model, whereby a
third-party corporate entity is cut off and two or more individuals can easily liaise with each
other and engage in the buying and selling of goods and services (Robinson, 2019). One perfect
example of a company which has incorporated the peer-to-peer business model is Stashbee. Just
like the popular Airbnb, Stashbee is also an online platform that connects people seeking extra
space to store their luggage with property owners willing to rent out their underutilized offices,
garages, and offices (Robinson, 2019). In such a business model, everyone is a beneficiary since
the clientele can easily identify extra space with cheaper rental fees, while the property owners
profit from the rent paid. Apart from luggage storage, Stashbee also provides long-term parking
spaces for people who are looking to park their cars in a safe environment, in case they want to
travel or go on vacation. As Basul (2019) narrates, the company inaugurated its MVP (minimum
viable product) in May 2016, and has, so far, conducted two angel funding investments to
accumulate capital. The first investment round amassed about $950,000, while the second round
amassed $2.5m, thus demonstrating the massive growth of the company (Basul, 2019). Indeed,
the company is increasingly successful, judging by the expansive on-boarding storage space
recorded by the firm’s stakeholders. According to Basul (2019), the firm recorded a total of 1
million square feet of booked storage space, with over 18,500 hosts and guests registering their
accounts on Stashbee’s online platform.

Reference
Robinson, D. (2019). Sharing economy companies list: From Airbnb and Uber to Omni and
Hubble, 15 companies disrupting their industries. Retrieved from https://www.ns-
businesshub.com/technology/sharing-economy-companies-list/
Basul, A. (2019). Stashbee closes $2.5m equity investment round. Retrieved from
https://www.uktech.news/news/stashbee-closes-2-5m-equity-investment-round-20190722