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● The shared economy in India is estimated to be an about $2 billion industry by the end of the current year, according to a recent report by Maple Capital Advisors ● The sharing economy, also known as collaborative consumption or peer-to-peerbased sharing, is a concept that highlights the ability of individuals to rent or borrow goods rather than buy and own them. ● The ‘shared economy’ includes segments such as co-working (Awfis, WeWork India), co-living (Stanza Living, OYO Life, Oxford Caps), shared mobility (Uber, Ola, Shuttl) and furniture rental (Furlenco, Rentomojo)
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