Gorefurbo

2. ABOUT US Gorefurbois one most trusted brand that provides refurbished electronics and appliances. These products are thoroughly processed and screened for our customers. Gorefurbohelps organizations reclaim the value, back from retired equipment and safely dispose of any regulated electronics waste. Then Gorefurbo sends the equipment to refurbishment facilities with international standard grading, equipped to provide manufacturing of critical components, assembly, testing and refurbishing services. After full testing and inspection the equipment is certified with warranty and listed on the website for sale.

3. OUR PRODUCTS Laptop LED TV Desktop Mobile

4. MARKET PROBLEMS • One of the major factors that contribute to the development of Refurbish markets supply is an efficient Reverse Supply chain. • This  refers to the movement of goods from customer to vendor; Reverse logistics is the process of planning, implementing and controlling the efficient and effective inbound flow and storage of secondary goods and related information for the purpose of recovering value. • The Whole process of returns is based on the principle of 5R’s – Reduce, Repair, Reuse, Recycle and Resell.

5. Meeting consumer needs: Customers want the best price and completely flexible and hassle-free returns policies. • Volume management: Retail returns are around $60 Billion annually, and total returns across the Indian high-tech service industry are forecast at $818Billion through 2020. Especially during peak seasons, most of these returns are time-sensitive to process and restock for resale. • Management of costs: Expense management can represent up to 7% to 8% of the cost of goods. The process is labor intensive with very little automation • Data management: Having accurate data is important, but it is very difficult to obtain and manage relevant information. An organization should understand the data source, know how to analyze it and should use third-party experts if possible. • Regulatory compliance: Organizations require complete understanding of waste management laws, regulations and processes, including the company’s corporate social responsibility.

6. WHY REFURBISHED • Business dynamics is rapidly changing today, whether they are specialty products, shopping goods or convenience consumer goods–the ways they are sold and purchased are undergoing rapid metamorphosis. • Refurbished goods (usually electronics and electrical) are the products that have been returned to a manufacturer or vendor for various reasons. Refurbished products are normally tested for functionality and defects before they are sold again. • Around $12-15 billion worth of goods are returned every year in India. Of which, returns from OEMs(Original Equipment Manufacturer) / retailers across all industries is 4-5%. • Despite being a new sector, it has a lot of scope in the e-commerce space as well because the returns policy is more customer friendly (Returns Rate around 10-15%), and also Cash-on-delivery (COD) is being introduced wherein we have spur-of-the-moment buying followed by buyer remorse when the product lands up at the door. • Besides second hand goods ,some reasons why products get labeled as refurbished are Opened box, Demo units and Production defects.

7. Refurbished goods help the established players/brands selling in the market, also it is available to the lower/middle class segment who were not able to afford the new technology earlier like Apple, etc. Refurbished electronic goods are available in the market at half or three-fourth of the price of a new sealed product. They are claimed to be as good as new, and come with the seller's warranty, instead of the manufacturer's warranty. • These goods are offered via two means- Online and Offline mode. The offline refurbishing market in India is a very big market and is unorganized; this market is unregulated and also breeds uncertainty in the mind of a customer. • A refurbished seller, who is based on a national level and has the expertise as well as the capital to actually not just repair but also certify that the product is as good as a new one helps to add credibility which is being provided via online mode. These Online mediums are also entering the Offline space to make it more organized. Brand of Refurbished goods Trust Quality Assurance Consumer’s information Medium (Online/Offline) Perceived risk Ease in Buying Process Price Ease of return Turn Around Time Life Span

8. MARKET SIZE 7,59,825 crores 7,01,025 crores 6,50,850 crores 6,10,425 crores 5,79,075 crores Looking at the bars we can see as the demand for refurbished equipment is growing and there is a rising trend in the market to refurbished these products because of the benefits that it brings. 90% 84% 77% 69% 60% 10% 16% 23% 31% 40%

9. MISSION AND VISION • Our mission is to become the market leader in the refurbished electronic and appliances space. • We want to have the most robust system for refurbishing and testing our products. • We are building a thorough screening process for our resellers building upon our core values and feedback from our customers.

10. OUR COMPANIES Rentfoxxy is your one-stop online portal for renting all your home furnishing needs. It provides various products in all categories like Bedroom, living room and work from home needs. You can find products like Beds, Wardrobes, Dining Tables, Laptops etc. www.rentfoxxy.com Truetech Services is a client oriented and professionally managed 93 million-plus company having its head office in Gurgaon. It was started in 2014 under the dynamic and young technocrats and professionals and very soon became one of the prominent IT Solution Provider in the market that has achieved growth rate of more than 100%, consistently since its inception. Our market contribution is raised and improved on a systematic base. We have an always increasing list of pleased consumers. We provide Laptop on Rent all over in India. www.truetechservices.in

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