? Cool Title, but what’s the news?
Flipkart on Wednesday finally launched its new e-commerce platform for refurbished goods that it had revealed late last month, when CEO Kalyan Krishnamurthy announced the shutdown of eBay India.
? Okay, but what does it mean?
Called 2GUD, it is the company’s first foray into the refurbished goods market – which it says is expected to be a $20 billion (roughly Rs. 1,39,740 crores) market in 5-6 years.
Flipkart’s 2GUD platform will initially only stock refurbished smartphones, laptops, tablets, and electronic accessories, though it will be extended to other categories including home appliances in the future.
? Why should I care?
Flipkart’s 2GUD will provide a post purchase warranty ranging from 3 to 12 months, and that products sold will be serviced through a network of service centres across the country. If you’re looking to purchase refurbished electronics from a trusted brand, this might just be the one you’ve been waiting for!