Brand Present in 20 States &100+ Districts Nationally requires Investment

Start Up

Wholesale & Distribution

05-11-2024

Listing Details : LB-11889

Investment Required	1 Crs
Turnover	N.A
Legal Entity	Private Limited
Category	Wholesale & Distribution
Sub Category	Wholesaler
Business Listed By	Founder

Contact Information

Overview

We are one of the earliest setups to identify the market gap in Refurbished commerce and predicted the market capital since 2018-19 with clear patterns defining the consumer behavioural changes and shift in buying patterns from tier 1 to tier 2 and tier 3 markets. We are catering to the refurbished smartphones segment mainly and are adding other elctronic gadgets as well. We are one of the liquidation partner for Amazon, Flipkart, Reliance Retail and has presence across all B2B and C2B platforms. We have received an initial seed funding of 70 Lacs in 2021. We are present in 20 states and 100+ Districts across India which represents more than 60% population of India. We Resell, Repair, Refurbish and Recycle Electronic Gadgets with 6 months warranty

Year of Commencement

2019

No. of Team Members

Current Stage of Startup

Running

Business Relocatable

Yes

Purpose of Investment

Expansion

Investor Role

Active

Previous Investment Infused

70 Lacs

Investment Required As

Venture Funds

Proposed Deal Structure

N.A

Summarize your Idea/Business

We are catering to the refurbished smartphones segment mainly and are adding other elctronic gadgets as well. We Resell, Repair, Refurbish and Recycle Electronic Gadgets with 6 months warranty.

Key Highlights

We Resell, Repair, Refurbish and Recycle Electronic Gadgets with 6 months warranty. Pan India presence, successfully delivered at 640 pin codes. We have Channel Partners in 13 states across India.

Future Potential

According to Custom Market Insights (CMI), The Global Refurbished and Used Mobile Phones Market size was estimated at USD 52.34 billion in 2021 and is expected to reach USD 64.10 billion in 2022. is expected to hit around USD 146.43 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 11.45% from 2022 to 2030.

Team Overview

CEO having global exposure of 20+ experince. COO : Having more than 15 year of experience in leading brands. CFO and other team members

Competition / Market

The area has a history of creating cutting-edge devices that have altered the dynamics of the global smartphone industry. In the area, low-end and mid-range smartphones are becoming more popular since many smartphone makers believe they would perform better in the COVID-19 pandemic-affected market environment. Despite the availability of various brands and product lines, the premium Samsung flagship devices and iPhones dominated the market. Shifting trends may drive the demand for reconditioned and used smartphones in the area. Because of the updating and upgrading of devices by businesses and individuals due to changes in the workplace and workforce, North American trade-in service providers have seen a boom in their product business over the past several years.