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The demand for second-hand smartphones is on the rise, prompting brands and seller platforms to prevent old devices from reaching the unorganised market. Refurbished smartphone seller ReFit Global anticipates a 16% growth in the industry in 2024, following a 15% growth in 2023. E-commerce platforms and smartphone brands are collaborating with refurbishing companies to sell old devices directly, streamlining the process and preventing leakages.

Second-hand Phone: The demand for second-hand smartphones is on the rise, prompting brands and seller platforms to prevent old devices from reaching the unorganised market. Refurbished smartphone seller ReFit Global anticipates a 16% growth in the industry in 2024, following a 15% growth in 2023. E-commerce platforms and smartphone brands are collaborating with refurbishing companies to sell old devices directly, streamlining the process and preventing leakages.

Refurbished Smartphones: “Earlier, there used to be a bidding process to procure old devices from platforms. Now almost all of them are trying to make this a much more organised process,” said Saket Saurav, co-founder and CEO, ReFit Global, a refurbished smartphone seller.

Shark Tank: The startup said it will use the raised funds to scale operations, broaden the company's market reach, and enhance technological infrastructure.

ReFit Global has recently secured the deal in episode 22 of Shark Tank India. Saket Saurav, and Avneet Singh, founders of ReFit Global, presented their innovative idea to the sharks and sought an investment of $241 thousand (₹2 Crore) for 0.5 percent equity. Additionally, ReFit Global has a valuation of $48.2 million (₹400 Crores). Refit […] The post Shark Tank India Season 3 Episode 22: What Is ReFit Global? appeared first on ComingSoon.net - Movie Trailers, TV & Streaming News, and More.