HomeNewsBusinessWire NewsNo More Dhoka with Gadzet.in - IIT IIM Alumni Create C2C Marketplace for Consumer Electronics

No More Dhoka with Gadzet.in - IIT IIM Alumni Create C2C Marketplace for Consumer Electronics

If you wanted to buy a second hand smartphone, how would you go about it? Many would reach out to the local dealer or try to find a deal through ...

December 08, 2015 / 14:25 IST
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Business Wire IndiaIf you wanted to buy a second hand smartphone, how would you go about it? Many would reach out to the local dealer or try to find a deal through classifieds portals. What if your device develops functional issues a couple of days after purchase? How about cases where the seller has intentionally not disclosed full details and kept you in the dark about its actual condition? Coupled with the lack of any returns policy, it’s becoming increasing difficult to trust any seller when purchasing a device through these traditional means.

After suffering one such horror experience, Ashwin teamed up with Sriram & Parteek to startup Gadzet.in, with a focus on building trust and transparency in the used customer electronics space. Launched in Sept-15, Gadzet is currently accepting listings for smartphones & tablets, and accepts listings from Mumbai. They plan to launch in Bangalore soon.

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With Gadzet, the team hopes to offer both buyers and sellers a completely hassle-free and safe trading experience. Buyers get fully certified devices with a replacement assurance and an optional service warranty, while sellers have an option to sell across India from the convenience of their homes and without interacting with any buyers directly. The ability to sell across India is resulting in better prices for sellers, as there is a huge untapped market in Tier 2 & Tier 3 cities where there isn’t enough supply of used gadgets.

Ashwin highlights, “With decreasing product life cycles of smartphones, there’s significant inflow of good quality gadgets, which don’t need any hardware refurbishment. We have built process checks to certify devices and offer a safer alternative to existing classified portals & dealers to enable a stress-free experience for both buyers and sellers. Some re-commerce firms do offer the same assurance as Gadzet, but prices at Gadzet will be always be more attractive as it’s purely a C2C business. Our aim is to enable both buyers & sellers to get the best deals.”