Saturday, December 14th, 2019

ShopClues Now Emerges Undisputed Leader

INVC NEWS Bengaluru,

Refurbished and Unboxed devices are the next big trend in India. Being the market leader it is, ShopClues, India’s first online marketplace, has honed in on this huge business opportunity and emerged the undisputed leader in its Re-New gadgets category. It clocked a huge INR 4.5 crores in sales from refurbished and unboxed electronic devices alone, including laptops, smartphones, and tablets, for the month of July. It is also targeting to double its GMV growth with a 16 million customer target in 2018.

Refurbished smartphone volumes grew by close to 25% in 2017 and crossed 12 million units in India, with more than a third accounted for by Apple and Samsung, according to Counter-point Technology Market Research. Comparatively, the segment’s growth across global markets last year was 13%, reaching almost 140 million units.

Looking at the huge global as well as domestic potential for refurbished goods, ShopClues also plans to grow this category in India to include a larger universe, ranging from TVs to watches and more.

“ShopClues had long identified the massive opportunity around the Refurbished category; specially the renewed smartphones segment, which according to industry estimates, is set to grow by over 27% in 2019. We have almost doubled our customer base from 8 million to 16 million within 2 years and our success has given us confidence to offer more than 400 stock selling units from different brands in the smartphone category. Also, soon ShopClues will be launching a full assortment of Laptops and TVs from HP, Dell, Apple, Asus, Lenovo, LG, Sony and Samsung for its customers,” said Radhika Aggarwal, co-founder & Chief Business Officer, ShopClues.com



 

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