Shopclues took a bold step and started selling refurbished electronic gadgets. At first, it will start selling refurbished mobiles in top selling brands like Apple iPhone, Samsung, Motorola, and others. It has future plans to expand the reused products into other electronic gadgets like television sets, microwave ovens, air conditioners and much more.
The company is estimating that the seller base will be doubled by the end of 2018 and encouraging many new people to join their seller base. It is also hoping that its existing 9 million customers will utilize this opportunity and buy refurbished items. The company is forecasting that its revenue will be increased by at least 10% by the end of 2017.
There is an exclusive Re-New Gadgets segment on shopclues website. Customers who want to buy branded items at a low cost can browse this category. The good thing is these products comes with a seller warranty of 6 months.
ShopClues has over 20 million listed products, with five lakh merchants and 7000 online brand stores. The company received Series E funding from sovereign wealth fund GIC. Its other investors include Tiger Global, Helion Venture Partners and Nexus Venture Partners.
Another interesting segment is unboxed gadgets. These are the items whose seal is opened and returned by the customers for various reasons. These unboxed gadgets are tested for quality and looks like an original product. Right now unboxed gadgets are only available in the mobile segment. Soon the unboxed items will be expanded into other sections.
Currently, customers can purchase the refurbished items at a discount of 40%. However, for some occasions, these times are sold at a discount of 80%. You can hold an iPhone mobile for just Rs.10000 in your hand. Whats better than that. Customers are feeling that these deals are amazing and everyone can afford to buy branded items. On the other side, Some customers are unhappy with this as the branded items are coming at a cheap price.
Whatever the discussion may be at the end both the customers and e-commerce companies are benefiting from this. It is a win-win situation for both of them. ShopClues currently services 30,000 PIN codes and is targeting a revenue of about Rs20,000 crore by the end of 2018. The e-commerce company will be among the first marketplaces to enter the refurbished electronic gadgets category.
Here is my review about one of the refurbished mobile which I bought on shopclues e-commerce website. I lost my branded new mobile worth of Rs.25000. I decided not to buy again a mobile with that much price. My plan was to buy with a price around Rs.5000. It became very difficult for me to find a phone which has good specifications and a branded one. I have to either compromise either on the brand or specifications.
At last, I stumbled upon shopclues and found that they are selling second-hand items. At first, I thought of buying unboxed mobile. However, the price variation between a brand new and unboxed one is only 10%. It would be better to go for a brand new item rather than unboxed one. Later I looked at the refurbished mobiles with an amazing price tag less than 50% of the original item. The number of items in this section is very limited. So you don't get a much flexibility to select a great product. Again here you to compromise. At the end, I bought a MOTO 2G phone for Rs.4K and it is working fine without any problems.
Shoclues Discounts
http://eshopclues.in
https://www.facebook.com/eshopcluesin/
https://www.crunchbase.com/organization/shopclues
https://www.pinterest.com/eshopclues/
https://www.instagram.com/eshopclues/
The company is estimating that the seller base will be doubled by the end of 2018 and encouraging many new people to join their seller base. It is also hoping that its existing 9 million customers will utilize this opportunity and buy refurbished items. The company is forecasting that its revenue will be increased by at least 10% by the end of 2017.
There is an exclusive Re-New Gadgets segment on shopclues website. Customers who want to buy branded items at a low cost can browse this category. The good thing is these products comes with a seller warranty of 6 months.
ShopClues has over 20 million listed products, with five lakh merchants and 7000 online brand stores. The company received Series E funding from sovereign wealth fund GIC. Its other investors include Tiger Global, Helion Venture Partners and Nexus Venture Partners.
Shopclues Discounts
Another interesting segment is unboxed gadgets. These are the items whose seal is opened and returned by the customers for various reasons. These unboxed gadgets are tested for quality and looks like an original product. Right now unboxed gadgets are only available in the mobile segment. Soon the unboxed items will be expanded into other sections.
Currently, customers can purchase the refurbished items at a discount of 40%. However, for some occasions, these times are sold at a discount of 80%. You can hold an iPhone mobile for just Rs.10000 in your hand. Whats better than that. Customers are feeling that these deals are amazing and everyone can afford to buy branded items. On the other side, Some customers are unhappy with this as the branded items are coming at a cheap price.
Whatever the discussion may be at the end both the customers and e-commerce companies are benefiting from this. It is a win-win situation for both of them. ShopClues currently services 30,000 PIN codes and is targeting a revenue of about Rs20,000 crore by the end of 2018. The e-commerce company will be among the first marketplaces to enter the refurbished electronic gadgets category.
Here is my review about one of the refurbished mobile which I bought on shopclues e-commerce website. I lost my branded new mobile worth of Rs.25000. I decided not to buy again a mobile with that much price. My plan was to buy with a price around Rs.5000. It became very difficult for me to find a phone which has good specifications and a branded one. I have to either compromise either on the brand or specifications.
At last, I stumbled upon shopclues and found that they are selling second-hand items. At first, I thought of buying unboxed mobile. However, the price variation between a brand new and unboxed one is only 10%. It would be better to go for a brand new item rather than unboxed one. Later I looked at the refurbished mobiles with an amazing price tag less than 50% of the original item. The number of items in this section is very limited. So you don't get a much flexibility to select a great product. Again here you to compromise. At the end, I bought a MOTO 2G phone for Rs.4K and it is working fine without any problems.
Shoclues Discounts
http://eshopclues.in
https://www.facebook.com/eshopcluesin/
https://www.crunchbase.com/organization/shopclues
https://www.pinterest.com/eshopclues/
https://www.instagram.com/eshopclues/