Quikr says that Zefo will provide a broader selection of merchandise at even more excellent aggressive prices and as sturdy a focal point on best.
Quikr, which went on an acquisition spree final yr, taking over corporations in business segments it has hobbies in, has now brought Zefo in an all-inventory deal. The transaction is reportedly well worth Rs 2 hundred crores, although this discern has not been officially shown with either party’s aid to the agreement.
Zefo promotes refurbished products on its platform, and the product categories include televisions, mobile phones, and furnishings. The addition of Zefo to Quikr’s already strong lineup will undoubtedly help each of the startups improve their patron base. The idea of imparting refurbished pre-owned products is nothing new; however, in a large conservative market like India, it has been sluggish in take-off. Zefo,
for instance, is thus far found in the best four cities in the country. The logistics concerned in the enterprise additionally dictate a more excellent value-conscious technique. Picking up the antique stuff and talking to an area for sporting out the repair and refurbishing, making the shipping all add as much as the prices and the expectancy among the consumers can be unreasonable as away because the costs of pre-owned goods can be expensive are concerned.
The modern-day fashion of online systems creating an offline presence is located here as nicely. Quikr has unfolded multiple stores in Karnataka and Telangana, all ready to showcase its refurbished merchandise physically. Many clients may opt first to attempt offline mode earlier than trusting the net manner of purchasing merchandise.