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Italian JV to tap pre-owned phones segment with retail chain

Press Trust of India  |  Kolkata 

An Italian company is looking to tap the Indian market in the refurbished space with stores.

Phoneup India, a 50:50 joint venture between Phoneup Italy and Francorp, will focus on pre-owned and repair of through a retail chain, founder told

"According to estimates, has an unorganised market of 70 million refurbished Further, the grey refurbished phone market is restricted to the big cities of the country. Phoneup wants to tap this segment," Phoneup head said.

At present, several are active in the pre-owned phones segment, but there are no organised retail chains in this category, Arora said.

The company plans to set up about 100 stores in the next one year from the existing seven shops.

Arora said Phoneup pre-owned phones would carry a 12-month warranty.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 13:00 IST