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Top four players trading in refurbished smartphones

XtraCover

XtraCover is an eCommerce platform that caters to the lifecycle management services of smartphones and other electronic devices. With its operations dating back to the end of 2019, XtraCover has been working towards creating awareness in the Indian ecosystem that would lead to making refurbished devices a valued choice, if not the preferred choice for their technology purchases. All of Xtracover’s services – refurbishment, repair, extending warranty and buyback of old devices for refurbishment/resale, add up to this goal and the company envisions itself as a premium consumer brand in the market. Recently, XtraCover has launched Buyback Guarantee Program for refurbished smartphones and laptops with an aim to extend the lifecycle of electronic devices, thus reducing the amount of e-waste generated and promoting responsible upgradation of technology.

Cashify

Conceptualized in 2014 with an aim to create a platform that would let consumers sell, repair, recycle and manage phones in a simple manner for the best price. The major focus for Cashify is to ensure more trading into the secondary market by buying/sourcing devices, to make more devices re-available for consumers to buy at an affordable price. Cashify operates in more than 4000+ cities with its exchange partners, own-logistics, 3PL delivery pick-up teams, channel partners and retailers. It has its warehouses located in Bengaluru, Mumbai, Gurgaon where the national level procured stock gets collected.

Yaantra

Yaantra marked its presence in 2013 by largely dealing in refurbished smartphones. The core function areas are classified as refurbished, unboxed and pre-owned with a tech-savvy professional team and tech experts with a vision to make technology affordable across India. It has an in-house B2B eCommerce platform called Yaantra Retail which is accessed by more than 35K resellers around 450 cities of India. Phone Cash is Yaantra’s AI-based diagnostic platform which enables consumers to test devices and assigns the best resale value for them and an overall hassle-free buying experience. Consumers can also buy Yaantra products on EMI and “Pay Later” options as well.

Instacash

Instacash is a platform on which users can sell and buy used smartphones. InstaCash assesses the functional and cosmetic condition of used smartphones through its digital and physical inspections. It repairs and refurbishes them as needed, providing a reliable device to the next user. It began operating in consumer durables like televisions and appliances before transitioning into the smartphone space with operations in around 1200 towns in India.

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