Launched in 2020, the firm earned a profit of 30% in FY2021
· 75% Year on Year growth
· Looking at capturing 30-40% market by 20-21
Xfurbish, an e-waste refurbish start-up launched in Jan 2020, has created its success story in the very first year of its operations with a staggering profit of over 30%. An idea to execution story in creating a world class in-house team and creating a market place for the refurbished unorganised market, this is one of the startups to watch for, registering an year on year growth of almost 75 percent. The first Financial Year revenues reached a whopping Rs.8 crores approximately.
Having set its foot firmly in India with offices at 27 geographical locations and 500+ vendors, more than 1.5 lakhs products and 3,000 happy and repetitive customers, the company has set up its international associates in UAE, Nigeria, to be followed soon in UAE, USA, Srilanka, Bangladesh & Malaysia. Xfurbish is looking at increasing the share of refurbished equipment’s in the current market at least by 30-40% by the end of the financial year 2021.
The whole Idea of Xfurbish is to penetrate every corner of the world, individuals, companies, and organizations, creating the right revenue for e-waste instead of recycling. The platform is not only providing the much needed e-commerce platform, also avidly educating the individuals to reuse the electronic waste, giving them the Xfurbish protection and encourage sellers through authorized partner program.
.JPG)
