Budli.in

Budli.in
Private
Industry Internet
Founded 2013
Founders Rohit Bagaria
Headquarters Bangalore, Karnataka, India
Area served
 India
Services Electronics Recommerce
Website Budli.in

budli.in, also known as Budli (Hindi meaning: Change), is an online recommerce portal based operating in India. It buys and sells open box and/or second-hand gadgets like smartphones, tablets, laptops and iPods. [1][2]

History

The company was founded in the year 2013 in Kolkata and is presently operated from its office based in Bangalore. The founder and CEO of Budli is Rohit Bagaria , a post graduate from UC Berkeley, California. He claims the idea for this company was born when he felt the paucity of a market that offered fair price for used Smartphones and laptops to sellers, and quality refurbished gadgets from a trusted source. [3][4][5]

Business Model

Customers go to website, choose to sell their gadgets and get a quote online based on the age, market price and condition. Once the quote is accepted, the customers are asked to send their items through a courier facility. The company upon inspection of the gadget, pay the customer via online bank transfer or cheque. The gadget is then repaired and refurbished and put up for sale. [6][7] The company also sources products from e-commerce companies, manufacturers, retailers and distributors. The company also claim to work in collaboration with e-commerce websites like Amazon, Flipkart and Snapdeal for liquidation of products and refurbishing of goods. [8][9][10][11]

Competitors

Companies like ReGlobe, Greendust, YNew and ValueCart are the other recommerce companies in India which provide similar services. [12]

Awards & Recognitions

Charity

Budli claims to support social initiatives through its selling chain. Sellers can choose to donate a portion of the proceeds of the sale of their used gadget to be used by GiveIndia and Shikshana Foundation which works in education and healthcare sector. [15]

References

  1. ↑ Recommerce – Opportunities, Challenges and Startups in India, The TechPanda, 2014-01-20
  2. ↑ Budli India’s First Instant Online ReCommerce Portal Launched, The Telegraph, 2013-09-19
  3. ↑ Founder Interview: Budlin.in, With Start Ups, retrieved 2016-03-02
  4. ↑ Foundersgyan Inspiring Entrepreneurs -Budli.in, Founders Gyan, retrieved 2016-03-02
  5. ↑ India's growing e-waste headache, BBC, 2015-08-07
  6. ↑ Recycle and Reuse, The Times of India, retrieved 2015-10-03
  7. ↑ Budli.in- Changing the way of selling used gadgets, Iamwire, retrieved 2013-09-20
  8. ↑ eBay India introduces new category for refurbished goods, Livemint, 2015-09-01
  9. ↑ There's value in online refurbished goods, Business Standard, 2015-11-15
  10. ↑ There’s Life in My Cellphone Yet (PDF), Fortune Magazine, 2014-02-10
  11. ↑ How it works, Budlin.in, retrieved 2015-10-03
  12. ↑ Budli Revenue Estimate, Owler Polls, retrieved 2016-03-02
  13. ↑ Budli.in wins Startup of the Year Award, Budli.in, 2015-07-20
  14. ↑ Industry Leaders honored by SIBC, Chennai Patrika, 2015-10-31
  15. ↑ Charity, Budli.in, retrieved 2016-03-02
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