GreenDust, India’s largest online destination for refurbished factory seconds announced today that it has become profitable with its monthly revenue run rate around 100 Cr/month. GreenDust has more than doubled in revenue every year in a segment with an opportunity of over $10 billion/year
Major e-commerce companies in India are bleeding cash on every sale and are looking for ways to turn profitable. However, GreenDust with its focused approach and best-in-class customer experience is able to achieve profitability without sacrificing on growth within 5 years of its operation. GreenDust products are targeted at segment of value-conscious Indian consumers who are looking for ‘Smart Alternatives’ while making buying decisions. GreenDust has served over 2.5 million happy customers, 50% of which are repeat buyers.
“GreenDust provides ‘wind beneath the wings’ to the rapidly growing e-commerce ecosystem in India by solving the less sexy, often overlooked returns management problem. Our performance is testament to the undeniable value proposition of our business model, proprietary tech platform, and a fantastic team. We will continue to innovate with many upcoming new offerings building on the strong reverse logistics infrastructure. We are excited by the number of initiatives we have underway to further build GreenDust as ‘made in India’ International brand,” said Hitendra Chaturvedi, Founder & CEO of GreenDust.
