-The brand has captured 35 per cent of market share in the short span of 3 years
New Delhi, May 16, 2018: Togofogo.com, India’s most trusted online marketplace for recommence products in Mobile Category announced it has successfully sold 3,50,000 units of refurbished and pre-owned phones in the past 3 years. Founded by Mr. Soumitra Gupta, an industry veteran with over 2 decades of experience, the company aims to transform the grey market of second hand and refurbished mobile industry to organized ecosystem.
Togofogo.com is first of its kind of platform which has strengthen the entire ecosystem of buying and selling of refurbished and pre-owned phone by offering all value proposition that authenticate the second hand phone market. The brand has established a customer base of over 3,00,000 in a span of 3 years, while capturing 35% of the market share. There is a repeat customer percentage of 25% which envisages the trust built by customers on the on the brand.
Commenting on the achievement, Mr. Soumitra Gupta, Founder of Togofogo.com, said,
“While I had envisioned that the market of Pre-owned Mobile in India will be one of the high potential markets in the industry few years back, there was a huge gap in the market which stopped the growth of refurbished and second hand phones in India.”
“Becoming the first company to set the edge of authentication in a highly unorganized market, Togofogo.com has created an ecosystem where the sellers leverage company’s integrated logistics support to open up Pan-India Market in no time. While, the buyers have a place to shop refurbished / used phones and be rest assured on the quality of the products they purchase, hence strengthening the recommence industry in Mobile Category in India”, he further added
In India, millions of users still buy second-hand phones because they would rather use a pre-owned phone with the features they need than settle for a new phone with lower specs. Along with affordability, the shorter upgrade cycles of smartphones these days are also fuelling a demand for used phones.
Founded in 2015, Togofogo.com is India’s most trusted online marketplace for buying and selling pre-owned phones and tablets.
Togofogo has been acknowledged as the strongest player for extending best quality and certification on box open, refurbished and pre-owned phones to its customers, due to its integration with qutrust.com. The company also ensures best customer service through its tie-up with Aforeserve, which has largest service networks.
Togofogo has a network of over 500 sellers that list mobiles of more than 20 brands on the Togofogo website. Leading brands like Samsung, Apple, Blackberry, Sony, Asus, and Xiaomi among others are also featured on the company’s website.
The company aims at transforming the offline grey market of refurbished devices, organized. With its distinguished online platform, the sellers leverage Togofogo’s integrated logistics support to open up Pan-India Market in no time & the buyers have a place to shop for bargains and be rest assured on the quality of the products they purchase.
Togofogo is a one-stop shop for its customers as it provides an array of services to them right from quality check and certification of products to providing an option to buy a 1-year warranty on refurbished& pre-owned phones through Warranty Bazaar , and also providing them with post-purchase repair services. This is a clear differentiator for Togofogo in the market.