BabyQuip is a marketplace platform that was founded in 2016. It is a place where Quality Providers or independent contractors, rent and deliver baby gear that they own to traveling families. Thousands of families are providing baby gear using the BabyQuip platform to various families vising the 250 markets in the US and Canada. In this article, we’ll be exploring the BabyQuip business model in detail. Readers will get in-depth answers to their most demanding questions- “How does BabyQuip work?” and “How does BabyQuip make money?”. The company has set an example in amazing companies led by women for women. By understanding the BabyQuip origin, revenue model, and business model, one can easily attain in-depth knowledge about the company. So, let’s start exploring.
BabyQuip Business Model
Before we get started answering the questions like “How does BabyQuip work?” and “How does BabyQuip make money?”, we did want to know first understand the BabyQuip Business Model in detail and then move on to understanding the working and revenue model of BabyQuip.
BabyQuip was founded in 2016 by Fran Marier. She is a serial entrepreneur who also worked as a co-founder & GM of Match.com and founder & CEO of TRISTe. Babyquip is her newest venture right now. Randi Zuckerberg, the CEO at Zuckerberg Media, is an advisor to the company (BbayQuip). The company is a baby gear rental service provider that targets traveling families.
According to the information shared by crowdability.com, 10 million US families have children under age 4 and 90% of these families travel with their children which creates a $150 billion family travel market. BabyQuip is particularly targeting this market to provide baby gear rental services that provide safe, clean, and insured baby gear rental to traveling families. This business model offers an alternative to such families preventing them from lugging heavy equipment like strollers and cribs. Rentees can rent cribs, strollers, high chairs, toys, and car seats. Since the launch of the company in 2016, it has successfully filled 30,000 orders and has generated $4.7 million in revenue.