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REFURBISHMENT STARTUP
Used 2-wheeler startup Speedioo raises Rs 10 crore from Atomic CapitalWith the fresh capital, the company is looking to expand into a business-to-consumer (B2C) model, invest in an AI-native tech stack, and in...- SpaceX playbook set to fuel China's IPO ambitions but tech gap persistsIn China, the initial public offering was watched as a benchmark for a younger industry eager to go public. But the frenzy masks a fundamen...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Americans to get 'UP Phone' smartphone in less than $1,000 under watch of former Apple executive. Check featuresAnalysts have said assembling smartphones in the U.S. is prohibitively expensive due to an Asia-centered supply chain and high domestic lab...
- Actor Suniel Shetty invests in re-engineered tyre startup RegripBollywood actor Suniel Shetty on Saturday announced his investment in re-engineered tyre startup brand Regrip.
- What's driving growth of refurbished smartphones even as demand for new handsets hits record lowsTrade-ins, where customers exchange an older handset for a discount, are higher primarily in the offline segment. Industry executives say t...
- Recommerce platforms trying to expand beyond smartphones face challenges"The fact remains that smartphones are still a very large category on its own, and all of them combined, will remain minuscule compared to ...
- Qarmatek raises $3 million in funding led by GVFL, Caspian Debt"The funds are going to be largely used to scale the technology in the company, to market the brand that now we have developed under Qarmat...
- Flipkart group acquires electronics recommerce platform Yaantra for $40 millionWith the acquisition of Yaantra, Flipkart said it will give the company greater access to affordable refurbished smartphones.
- Flipkart’s 2GUD set to get a lifestyle & fashion makeoverThe etailer is doing this to compete with Paytm Mall, Snapdeal, Shein , Ali Express and others.
- What to do with your old mobile phone? Mandeep Manocha will give you cash in exchange"Currently, we are handling 150,000 phones per month. Last year in May, this number was at 50,000 and in the next 12 months we plan to doub...
- Yaantra raises $3.1-million bridge fundThe Delhi-based startup had last year raised $6 million in Series-A fund from the same investors.
- Gadgetwood seizes $6-m funding from Carpediem CapitalGadgetwood provides repair and other support services for mobiles and tablets across all brands.
- Foxconn goes slow on startup funding, invested only in 4 startups in IndiaApart from its investment in Snapdeal, Foxconn participated in a $9-million funding round in QikPod and invested undisclosed amounts in hom...
- Nirmala Sitharaman turns down Apple’s proposal to sell refurbished iPhones in IndiaShe said her ministry has taken a line that the 30 per cent local sourcing requirement can be waived off for high-end technology products.
- Apple to work closely with Indian startupsApple is likely to announce an accelerator program for Indian startups as part of Tim Cook’s visit to India this week, sources said.
- Rise of used goods markets: Why e-commerce companies like OLX, eBay are chasing second-hand goodsAs the tide of previously-owned goods hitting the market grows, more and more ecommerce platforms are offering such goods alongside new pro...
- 'Reboot' helping build tech-savvy rural India by providing affordable, refurbished IT goodsReboot buys IT goods, refurbishes the items and then sells them to educational institutes, small businesses, NGOs and government bodies.
- Sale of refurbished and ‘unboxed’ mobile phones picking up in IndiaChinese smartphone maker Xiaomi received an overwhelming response to its first online sale of refurbished and ‘unboxed’ Red Mi 1S devices i...
- In a first for Indian market, China's Xiaomi sells unboxed, refurbished Red Mi 1SThe trend of buying refurbished devices is fast catching up in India, one of the fastest growing smartphone markets in the world.
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