Registered remarkable growth from 1.25 Cr to 200 Cr with 250% YOY in just 5 years
New Delhi, February 17, 2019: Yaantra, the leaders in smartphone repairs & refurbishment category, received ‘The Fastest Growing Small Business of the Year’ award in the just concluded 8th edition of Small Business Awards 2019. Yaantra was chosen as the top performing company among 1500+ best companies applied for the awards. Yaantra has grown remarkably fastest with a YoY growth of over 250% in a short span of 5 years. The company started with INR 1.25 crores in their first fiscal and is today well placed to close this fiscal around INR 200 crores.
India has seen the highest year on year growth at 41% in the refurb category of smartphones. The refurbished smartphones market is set to grow by 27% in coming years, where the market size for repair is USD 2 billion and for the refurb is USD 4 billion expected to reach USD 10 Billion by FY 2022.
Yaantra is committed to brace Indians for the digital revolution by making branded smartphones affordable to the common man. “We are the leaders in the domain and have been phenomenal in terms of revenue generation. The award reciprocates the same value & vision we cherish the most – to fulfill the aspirations of every common man for having a branded smartphone at affordable price. Such appreciation from the industry boost our efforts and fuels us to work even harder for achieving our mission towards Digital India,” said Jayant Jha, Co-founder & CEO, Yaantra.
Delivering on ‘as good as new’ operating philosophy, Yaantra gives the power of a trusted choice, complete peace of mind with no compromise on quality for the consumer with absolute standardization of doorstep services. Refurbished smartphones are the results of rigorous 36-point quality checks and come with 6-12 months doorstep warranty, like their OEM (new) counterparts. And all this is complemented by the only ISO Certified repair & refurb facility in the country.
Yaantra, being the leader in the refurbished category is prominently positioned in meeting the affordability factor and aspirational requirements of the common man. In addition to this, Yaantra is serving as an Exim bridge for export of refurbished phones to other emerging markets and import of used smartphones for refurbishment because of labour and cost arbitrage. Currently, Yaantra is present across 10 cities with self-operating offices and 700+ cities & towns covering 14000+ pin codes. With over 10 lac customers served, 7 lac+ smartphones sold so far; the company receives 1500+ fresh orders daily and over 400 unique customers every day for repair.
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