Back

Vikas Acharya

Building WelBe| Entr...ย โ€ขย 2m

Amazon shuts down refurbished platform Renewed Amazon has decided to shut down its refurbished platform, Renewed, citing increasing challenges. The e-commerce giant has informed sellers of the immediate discontinuation of the service via email. Launched in 2017, Amazon Renewed is a platform where customers can buy refurbished, pre-owned, and open-box products that have been thoroughly inspected and tested to ensure they function and look like new. It offers a variety of items, including smartphones, laptops, tablets, cameras, and home appliances. Meanwhile, Newjaisa, a publicly listed company that used to sell on Amazon, has written to the NSE stating that the shutdown will impact them in the short term. However, Newjaisa is actively collaborating with other retailers to mitigate the effects. Amazon Renewed was a direct competitor to Yaantra, which was acquired by its arch-rival Flipkart for an undisclosed sum in January 2022. Itโ€™s worth noting that Amazon has also tied up and invested in Cashify, a prominent Indian re-commerce platform specializing in the buying and selling of used electronic devices. With the shutdown of Amazon Renew, the refurbished space is left with these two prominent players

0 replies16 likes
2

More like this

Recommendations from Medial

Image Description
Image Description

Rohan Saha

Founder - Burn Inves...ย โ€ขย 2m

The merger of Jio and Hotstar has caused significant damage to Amazon and Netflix. Amazon is probably not even considering monetizing MX Player now. The subscription benefits we get from JioHotstar are hard to match by any other platform. At this mom

See More
7 replies40 likes
13
Image Description

Wild Kira

/Internet_ย โ€ขย 4m

5000 Dreams Shattered: The Startup Shutdown Surge of 2024

1 replies2 likes
2
Anonymous
Image Description
Image Description

How Amazon and Flipkart used to avoid scam by sellers during early days? I am asking when Fulfilment by Amazon and Flipkart was not very prominent. I have heard in news channels that one guy ordered laptop through Flipkart have received bricks.

5 replies1 like
1
Image Description
Image Description

Kishan Kabra

Founder & CEOย โ€ขย 8m

๐Ÿšจ Deepinder to shutdown Zomato Legends - after two years of trying, not finding product market fit, we have decided to shutdown the service with immediate effect : Deepinder

5 replies4 likes
Image Description
Image Description

Ankit Dash

Businessย โ€ขย 4m

The second-hand laptop market, encompassing refurbished and used devices, has experienced significant growth in recent years, driven by factors such as affordability, increased demand for computing devices, and environmental considerations. Global M

See More
5 replies5 likes
Image Description
Image Description

Ritam

Share , connect , in...ย โ€ขย 8m

What if Government stoped all the platforms with short video content and launched their own short video platform with integration with ondc and e-commerce and all other social media platforms Example ... One clicked on a reel wich has a good outfi

See More
3 replies3 likes
1

Pravesh Mourya

Young and energetic ...ย โ€ขย 9m

Brainstorming what happened to the assets of the small business when they shutdown How do they sell them and how do sell thier business to another

0 replies1 like
Image Description
Image Description

gray man

I'm just a normal gu...ย โ€ขย 16d

Arjun Vaidya, cofounder of V3 Ventures and a prominent D2C entrepreneur, has joined quick commerce platform KiranaPro as an investor and mentor. In this role, he will focus on building strategic partnerships with direct-to-consumer brands. Setting i

See More
7 replies26 likes
2

gray man

I'm just a normal gu...ย โ€ขย 13d

Amazon Injects INR 350 Cr Into Amazon Pay India To Boost UPI Presence Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm, Amazon Pay India, as part of its efforts to strengthen its footprint in the countryโ€™s competitive UPI

See More
0 replies21 likes
Image Description
Image Description

Tejas Birute

Exploring Cosmosย โ€ขย 1y

Can you share experience How the Investindia.gov.in platform has been beneficial in supporting the growth and development of your startup?

4 replies8 likes
3

Download the medial app to read full posts, comements and news.