He Created Second-Hand Phones Business from 0 to 1000 CRORES | His Learnings | EP48 Mad Over Growth

He Created Second-Hand Phones Business from 0 to 1000 CRORES ft. ReFit Global | Shark Tank India

In this highly insightful episode of Mad Over Growth, we have Saket Saurav, Co-Founder and CEO at ReFit Global. He leads a mission-driven company that aims to minimize electronic waste by promoting the recycling and refurbishing of shunned second-hand gadgets, increasing awareness, and building trust among gadget users for refurbished products.

With his 5 years of experience in the refurbished industry, he has successfully established ReFit Global as a pioneer and leader in the e-waste reduction and circular economy space, with multiple partnerships, awards, and recognitions. Recently, he appeared on Shark Tank India Season 3.

The podcast embarks on the growth of the Refurbished phone market, sourcing second-hand phones for a Circular Economy, focusing on reusing and recycling old phones, and the challenges of inventory sourcing from Apple channels.

We also discussed the essential considerations when buying a second-hand or refurbished phone, the cost of refurbishment, the awareness about refurbished devices, and the importance of having a clear strategy for both online & offline channels.

Watch the podcast till the end.

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Website: https://refitglobal.com/

CHAPTERS:

00:00 Introduction
00:54 Second-Hand Phone Market Growth
01:34 Diff. b/w Refurbished & Second Hand Smartphone
06:28 What types of phones are sold out in the refurbished category?
08:46 Sourcing of Refurbished Smartphones
13:57 Challenges in Second-Hand Phone Business
20:16 Margins in this business
23:44 Top 4 Sales Channels of Refit Global
36:42 Marketing Hacks of Refit Global
45:27 ReFit Brand Outlet
57:05 Startup Ideas

#refitglobal #secondhand #circulareconomy #smartphones #refurbishedmodel #sharktank #amitjain #sharktankindia #podcast #MadOverGrowth #NitinBajaj

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About Mad Over Growth:

Mad Over Growth is a podcast series of insightful conversations with growth-minded individuals & brings you their strategies & anecdotes of success.

Hosted by Nitin Bajaj, founder of EasyLeadz - a bootstrapped & profitable SAAS startup that helps over 300K+ businesses generate leads for their business.

This podcast is produced by EasyLeadz.

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About EasyLeadz:

EasyLeadz is the easiest way to find B2B contact numbers of professionals & decision-makers with just one click. Our hit rate and the accuracy of the numbers are probably the best in the industry. Actions speak louder than words, try it out for free, https://bit.ly/3GqgAnt

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Credits:
Editor: Nitin Kumar & Pooja Tickoo