Comments
Smartphone refurbishing e-commerce platform JustLikeNew.in has recently raised about half a million US dollars ($500,000) through LetsVenture.com.
Existing investors like Krishnakumar Natarajan - Executive Chairman of Mindtree, Sandeep Mathur - former Managing Director of Oracle India, Vikas Tandon - former Managing Director of Indigo Consulting and Aneesh Reddy - CEO of Capillary Technologies also participated in this round.
The start-up that is into smartphone repair services was founded in 2015 to disrupt the smartphone repair segment through transparency, cost-effectiveness and convenience. It was founded by Ajit Panigrahi and Rahul Agarwal, alumni of Xavier School of Management (XLRI).
The start-up currently provides free pick-up and drop service for smartphones and tablets with a service turnaround time of 48 hours, bringing high-quality repair at customers’ doorstep.
JustLikeNew.in has also established a dominant presence in the B2B segment through partnerships with Uber, Ola, Swiggy and Qualcomm for smartphone servicing, and offers pan-India services through its partnership with 3PL.
The platform is committed to constant innovation and the recent funds raised will primarily be utilised to penetrate deeper into JustLikeNew’s existing target cities and to make improvements in its IT infrastructure to provide its users with a seamless repair experience.
Commenting on the funding, Ajit Panigrahi , Co-founder JustLikeNew.in , said, “ With the number of smartphone owners estimated to cross 702 million by 2020, there is an immense scope for our service network in the country’s after-sales repair space. We are confident that the adoption of online-based repair services will continue to grow at an accelerated pace in the future as well.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.