Boatbay has officially launched its boat rental marketplace in Asia Pacific and the Middle East.
Boatbay is a community-driven website connecting boat and yacht owners, with people looking to rent, charter or crew watercraft of any kind.
Tim Gundry, Co-founder, Boatbay
Tim Gundry, Co-founder, Boatbay said, “We are seeing an increasing amount of people taking to the water for a growing variety of reasons, such as hosting a corporate event or birthday party, fishing, water skiing, recreation and family holidays.”
Also Read: Indonesian startup Valuklik raises seed funding from East Ventures
Founded in 2013, Boatbay lets boat owners and boat charter companies place ads on the site for free. Boat owners set their own pricing, are responsible for their own ads and can choose to either captain their craft themselves, select captain of their choice or rent to someone with boat license.
Boat renters can browse listings across their chosen destination, find a boat they like, select dates and book. The company takes 12 per cent commission on successful bookings and the owner keeps the rest.
The company, which was funded through an initial round of seed investment has a staff of four people in Singapore and Sydney. The lead investor behind Boatbay is Nick Gundry, one of the Co-founders of Travelmob.
“A wide variety of watercraft can be found on Boatbay. Boat renters can search and rent a luxury motor yacht in Sydney, a sports fishing boat in Dubai, a 1906 Danish built sailing yacht in Phuket or even a submarine in Bali,” added Gundry.
According to the company, Boatbay’s focus is on the Asia Pacific and Middle Eastern markets that “are massive growth markets for travel, leisure and lifestyle”.