Figuring Outย โขย 9m
Product: Mobile Reselling App Valuation: $290 Million Well, that's Cashify! Cashify was started by three friends who wanted to buy the latest iPhone but found it difficult to sell their old phones easily. And thus, Mandeep, Amit, and Nakul started Cashify. The business model is pretty simple. Cashify buys old phones, refurbishes them and sells them on their website or directly to retailers. Now, they have expanded into many other services, including electronic repair and reselling of almost all electronic appliances, such as TVs, laptops, ACs, fridges, etc. They claim that they offer the best value for old phones, and thatโs true. For eg, an iPhone X (64GB) exchanges for โน7,000 on Amazon and โน7,400 on Croma. But Cashify offers โน11,000 for the same phone, and you can get an additional โน2,500 if you buy a new phone in return. This leads us to another question: how do they make profits then? Answer: They don't! They are still loss-making. Actually, they make money but its less. For eg, the iPhone X, which costs them โน11,000 is sold at โน16,000 on their website. Thatโs their profit. Btw so far, they have raised a total of $130 million and made $100 million in revenue with an 18% loss. Imo, Cashify, demonstrates that when people say execution is more important than the idea, it's true. Building a mobile reselling app isnโt what most people would find appealing, but thanks to their execution, they made a $290 million company.
CHAIRMAN - BITEX IND...ย โขย 1y
Unbelievable Starup Story โ 1 โ So we all know how problematic these old father and mother they are not able to do many basic things like walking , washroom , enjoyment , eating and so many problems . You know what ? 70% US young people are not a
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Medialย โขย 9m
Everyone laughed when Google bought a 22-month-old startup for $50 Million... Now, that "startup" has 3.9 BILLION users. It makes more money than Snapchat, Airbnb and Uber COMBINED. Here's how a "tiny" purchase now powers half the world: 2003: A
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Most smartphone makers are using ODMs to make phones Even Samsung uses ODMs Most Motorola phones are ODM-based Many phone makers use ODMs to save costs and produce phones faster so that they can launch them quickly in the market, especially budget
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This is the story of how BlackBerry lost $77 billion in market value. They called the iPhone a "toy." Then, one disastrous decision sealed their fate and crushed their empire. The surprising truth behind BlackBerry's epic downfall: In 2007, Black
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Business Idea: Refebrus Mobile โ Smart Deals, Secured Devices Tagline: Buy Smart. Sell Safe. Stay Secured. What We Do: Refebrus Mobile is a trusted platform where users can sell old mobile phones and accessories, buy quality refurbished mobiles, an
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YouTubeย โขย 24d
YouTube has 2.7โ2.9 billion monthly active users. It's one of the most-used apps in the world. So why not start building YouTube-focused apps? Even capturing just 10% of that audience = 290 million users. And who knows? Google might just acquire y
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