Amazon has launched its refurbished smartphone section, which is being touted as 'quality-assured refurbished smartphones'. The pilot was launched in the first week of August and Surpluss.in, partnering with a Delhi-based online retailer of refurbished and unboxed products.
Under the arrangement, Surpluss will sell refurbished smartphones from Samsung, Xiaomi, Apple, OnePlus, Motorola, Micromax, and Lava on Amazon.
"We have received more than 150 orders within a week of its debut, and are getting about Rs8-10 lakhs of transaction volume a day through Amazon" Tarun Bhardwaj, executive director of Surpluss.in, told NDTV Gadgets.
"They entered into a partnership with us because they found our range, experience and processes matching up to their expectations. Our firm manages refurbished consumer durables and IT products, these are brand refurbished and brand warranty devices. We don't buy our products from anyone other than the manufacturer."
According to Bharadwaj, the refurbished mobile phone market was about 23 per cent of the overall mobile market, estimated at Rs 12,000 crores, accounting for 20-25 million electronic devices that are returned to sellers every year.
Refurbished phones often sell at 50-75 per cent of the original sale price of the device, and unlike the second-hand market, the devices had been used for 20 per cent of their estimated lifespan, and come with a six-month brand warranty.