ReGlobe Announces Plans to Increase its Partner Network
ReGlobe, an Indian re-commerce company, funded by Bessemer Venture Partners (BVP) and Blume Ventures has announced plans to expand its partners in the 30+ cities it is present in to meet the exponential growth in the sale of used electronic gadgets such as mobile phones, laptops, game consoles, TVs and air conditioners, that it is witnessing on its online platform reglobe.in.
The partner expansion is in sync with the company’s vision, to expand their presence in 30 cities, and introduce 5 new categories like Digital Cameras, Washing Machine, Fridge etc in the second hands goods market. The company plans to take its partners to about 1000, up from the current 250. ReGlobe also intends to increase it presence in another 20 cities from the current 30 it is already present in. To help it’s partners build and maintain successful practices, ReGlobe is rolling out a comprehensive initiative that will provide them with certification, sales and marketing tools and resources and incentives as well.
Nakul Kumar, Co-Founder, ReGlobe says, “There is a paradigm shift in people’s perception of refurbished goods. The used goods market is experiencing exponential growth and ReGlobe is at the center of it. ReGlobe provides a secure, convenient and a value-for- money avenue to our customers who want to sell their used electronic products by providing facilities like instant cash, doorstep pick-up, and data protection. Our partners are a critical component of our ecosystem. In order to service our customers, we are looking to collaborate with more partners in the cities we are present in”.
An existing partner of ReGlobe, Mr. Ayaz Khoja says, “Prior to ReGlobe.in, I would spend hours on classified sites, yellow pages and also advertise in local pamphlets to maintain my inventory pipeline. These methods were inefficient in terms of both time and money, and the effect left a lot to be desired as well. But with ReGlobe’s platform, I have seen my business soar. ReGlobe.in ensures that my inventory pipeline is adequately maintained”.
ReGlobe.in provides a fast and convenient online platform for customers to sell their old or used electronic gadgets. Currently ReGlobe caters to 30 cities in India which include Delhi, Gurgaon, Faridabad, Noida, Ghaziabad, Mumbai, Bangalore, Pune, Ahmedabad, Gandhinagar, Baroda, Chennai, Secunderabad, Hyderabad. On the ReGlobe.in platform, users can get a quote for their product within 24 hours, and the company also picks up the product from the consumer’s home. The last mile is facilitated through its partner network that picks up the product from the user, and then refurbishes it for sale in the second hand goods market.
The market for second hand goods is flourishing and is expected to cross Rs. 1,15,000 crores ($18.4 B) by 2015 (as per a recent report by the Associated Chambers of Commerce and Industry of India). In order to meet the heightened demand that it is experiencing on its platform, ReGlobe is on an aggressive drive to grow its partner network. The association with ReGlobe is a win-win for the partners as it ensures a steady inventory for them through a reputed source. More than 43,000 customers have sold over 48,000 used products on the ReGlobe platform.