wordpress blog stats
Connect with us

Hi, what are you looking for?

Blubirch secures $2M from Chicago Capital Ventures & other investors

blubirch

Bangalore based Blubirch, a reverse-logistics provider, has raised $2 million in funding from Chicago Capital Ventures, Sanjay Mehta and other undisclosed investors. The company will use the funds for expanding its services to 6 more cities as well as for hiring.

As of now Blubirch provides solutions for IT asset management, remarketing and deals with refurbished customer returns. It also provides services like asset life cycle management, asset buyback, procurement services, rental services and trade in services to enterprises and grading & valuation services, exchange programs, sell customer returns and excess inventory management to retailers.

Interestingly the company also lists consumer services like purchase of refurbished products from multiple sellers on Value4Price and ‘sell used’ services. The ‘sell used’ service is currently listed as launching soon. Founded in 2014 by Sapan Jain, Jeby Cherian, Amit Goel, and Jayathirtha P. Katti, Blubirch currently has offices in Bangalore, Mumbai and Singapore.

Refurbished product sellers: Refurbished goods are usually electronic goods that have been repaired from an on-working condition and are subsequently sold at a fraction of the original price, depending on the level of repair. With online services providing seller’s warranty for these goods and the low cost advantage, the demand for such goods has been increasing. In August, Amazon India started selling refurbished smartphones from Surpluss on its platform while Junglee started selling unboxed and refurbished electronic products from Overcart and GreenDust in April. In January, Xiaomi piloted an unboxed and refurbished smartphone retail model with Overcart.

Other developments in logistics:

Advertisement. Scroll to continue reading.

– Earlier this month, Holisol logistics raised $10 million from CLSA Capital Partners, while logistics company Parsel acquired BillBoxGo through a cash and revenue sharing agreement.

– The same month, QikPod raised a little over $9 million (Rs 60 crore) from Foxconn, Accel Partners, Flipkart and Delivery.

– In October, Grofers acquired the B2B logistics service provider Townrush, while MagicTiger acquired Zoyo, an artificial intelligence based platform that let users shop over chats

– The same month, Bangalore based shipping services startup Parcelled raised $5 million from Delhivery and Tracxn labs.

– In September, logistics data analytic firm LogiNext raised $10 million in funding from Paytm, while Delhi-based ShadowFax raised $8.5 million in funding from Eight Roads Ventures.

– Opinio raised $7 million in a Series A round of funding from Delhivery, Sands Capital and Accel Partners.

Advertisement. Scroll to continue reading.

– Snapdeal invested $20 million in logistics firm GoJavas to enhance its supply chain and logistics.

 

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ