wordpress blog stats
Connect with us

Hi, what are you looking for?

Flipkart launches refurbished goods marketplace 2GUD

Flipkart has launched 2GUD, an online marketplace for refurbished electronics, after shuttering the operations of eBay India. 2GUD's offerings don't entirely replace eBay India, which used to sell everything from consumer electronics to snacks not available in India, new as well as refurbished. 2GUD is only available on mobile at the moment, and the desktop version will be released soon, the company said. Refurbished electronics are practically-new goods that were returned by their first customer and then 'restored' to new condition. They are generally available at a steep discount, even though their condition isn't significantly different from that of a brand new phone. Refurbished goods and Apple Selling refurbished phones is legal in India. Amazon does it under the Amazon Renewed brand name, and Snapdeal has a section for it too. However, importing refurbished electronics is not. Platforms like 2GUD will only be allowed to deal in electronics that were initially defective in India. This is a significant factor for both the refurbished phone market as well as Apple. At one point, iPhones accounted for 40% of the refurbished phone market in India as recently as two years ago. Apple failed in getting the Indian government to reconsider its ban on importing pre-owned hardware. Since Apple faces steep duties and taxes in India, getting permission to sell refurbished phones would significantly drive up its sales in India. This would also expand the refurbished handset market as a whole. However, perceptions of this as 'dumping e-waste' in India have been a major impediment in refurbished…

Please subscribe/login to read the full story.
Written By

I cover the digital content ecosystem and telecom for MediaNama.

Free Reads

News

The ECI found Shrinate's comments to be in ‘undignified and in bad taste’ and to be prima facie violative of the ‘Model Code of...

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

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

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...

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...

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