After successfully recording a milestone of selling 500k refurbished smartphones in two years, Delhi based startup Yaantra (earlier known as Gadgetwood) has launched its mobile app, enabling end users to sell their old mobile phones instantly. The application, Yaantra BuyBack provides an assured sale service that takes no more than 60 seconds.
There is a feature which virtually diagnoses the smartphone and with minimal input, provide the user with an accurate and assured selling price. If the user likes the price and gives the intent to sell, the old device is picked up within 24 to 48 hours from their home/office with instant payment at the time of pickup.
With the launch of this new app Yaantra completes its eco-system, offering end-to-end online solutions for repair, refurb and resale of smartphones with a significant presence in all major cities. The brand has expanded its presence in India with a year-on-year growth of 600% within a span of five years.
Speaking on the launch, Jayant Jha, CEO & Co-Founder, Yaantra, said “After receiving an extremely positive response from the customer for the previously offered services, we are happy to announce our customer buyback app. Our focus is to improve customers perception towards the online repair and refurbished market and to emerge as a One-Stop-Shop for all mobile related services.”
Currently Yaantra BuyBack is available in 6 major cities - Delhi, Mumbai, Bangalore, Chennai, Pune and Hyderabad. In the coming six months, it will provide the buyback services in over 20 cities targeting approximately 30,000-40,000 customers per month.
Geographically, Yaantra has developed self-owned service centers in over 7 cities (Delhi, Bangalore, Mumbai, Chennai, Pune, Hyderabad and Ahmedabad) and are available in 250 cities with 30,000 retail partners in 14,000 pincodes across the country. The startup has developed standard process of 36 quality check points as well as a minimum 6 months warranty on all resold products.
Founded by Jayant Jha, Ankit Saraf and Anmol Gupta in 2013, Yaantra has a turnover of over Rs 100 crore. It has raised a total funding of about $10 million from Carpediem Capital, an India-focussed private equity fund, and its investors.