Friday, August 18, 2023

ReFit D2C platform for refurbished smartphones launched

Delhi-based re-ecommerce platform, ReFit, is entering the direct-to-consumer (D2C) segment with a diverse selection of smartphones, including Apple, Xiaomi, Oppo, and vivo. The company is also offering a wide range of electronic products, such as televisions, laptops, and appliances. The CEO stated that they have built a strong network of partners and aim to create an unprecedented community. The company has effectively refurbished and sold around 1.5 million phones and witnessed remarkable growth through its network of retail and distribution presence to 50K retailers, with revenue reaching INR 200 crore in 2022. https://ift.tt/OYtkLmR

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UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)

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