How recommerce platform Budli.in is bridging India's smartphone divide
10 April 2019 8:15 PM GMT
The Bengaluru-based startup has been riding India?s growing refurbished smartphones sector by tapping into both businesses and consumers, especially in smaller towns.
- Without divulging specifics, Rohit says the platform has been "doubling revenue and transactions in the last two years".
- He reveals,"The average ticket size for refurbished phones has gone up to Rs 5,000-6,000 on the buying side and Rs 4,000 on the selling side."Bootstrapped so far, Budli.in claims to be profitable and "self-sustainable".
- Even its offline retail partners are "doubling margins" on refurbished devices and have improved cash flows, says the founder.
- Selling happens online through its own website as well as offline channels like local retailers and small mobile shops.
- This is not only adding to the pool of refurbished devices, but is also allowing companies like Budli.in to cater to the growing demand from smaller towns, which according to Rohit, will drive the next phase of growth.