The evolving startup scenario combined with various technological innovations has given rise to numerous business models that are unique and harbingers of social change.
In this case, an emerging category that is flooding in the European market is the refurbishment products industry. With everything becoming costlier, the refurbished market here has great potential for the coming years and decades. Falling in between a brand new and second hand, these products are as good as new with seller’s warranty.
Since technology is unfolding at a rapid phase, the gadgets get outdated with the blink of an eye. In some cases, this has driven the millennials to opt for refurbished products at half the price instead of shelling out money. Before getting into the list of startups, let’s understand what Refurbished products mean.
Some of them have a misconception that all refurbished products are used or secondhand goods. According to the Internet definition, “Refurbishment is the distribution of products (usually electronics) that have been previously returned to a manufacturer or vendor for various reasons. Refurbished products are normally tested for functionality and defects before they are sold.”