Accelerating electronics purchase
India buys around 2.5 Cr smart phones every month. This means as many phones are recirculated into the system every month, either through formal or informal channels. There is less sentimental attachment towards a used phone these days. The reverse supply ecosystem requires strong partners to accept and move the used phones. Minte is one of the pioneers in this space. We buy used electronics from businesses thereby powering the acceleration of new electronics purchases
Powering aspirations
Electronics, more particularly mobile phones, have become essential to almost every individual today. Aspirational value and brand alignment is taking over, with the number of upgrade cycles a customer has already gone through. India still is a very price sensitive market - this combined with aspirational value, provides a sustainable business for players in this space. We sell used electronics to wholesalers, retailers and consumers thereby powering their aspirations
Driving with technology
Trading in used goods is tricky. We understand we are dealing with products that have depreciating value and that the replacements are more advanced. Hence we pump in our expertise and experience into technology backed applications to make our business and operations sustainable. Minte today has proprietary applications for buy, process, sell, price discovery, diagnosis, etc. We build applications for use across used goods space
Our Services
We provide various services that include;
Purchase of exchange phones from e-commerce players
Buy demo phones and end of life phones from retailers
Provide Assured Buy Back pricing based on algorithms
Support in liquidation of open-box and end of life stock for e-commerce platforms and mobile phone brands
Sales of phones to India-wide used electronics wholesalers and retailers
Provide complete exchange support to offline Large Format Retail chain partners for their used phones and Assured Buy Back phones
ERP application for used electronics
Diagnostics application for mobile phones
Buy back and exchange application for used goods
Quality check, repair, refurbishment and certification of mobile phones
Service and repair centres for mobile and accessories brands
Channelising the end of life products and components for responsible recycling (through partner entities)
Recycling of Lithium Ion batteries (through partner entities)
Metal extraction (through partner entities)