For consumers: There are no great places to buy refurbished products. Current solutions, lack either a wide product range or a competitive prices. Additionally, consumers are unaware of the concept of refurbishment and other platforms do not explain the concept well enough.
For merchants: they have no marketing expertise so they need to rely on other distribution channels. Furthermore, there is no focused marketplace that educates consumers and helps market growth.
Uniqueness, Technology overview, barriers to competition
- Fastest e-commerce site on the market
- Strong networks in the refurbisment industry (co-founder, former Head of Refurbished Products for Amazon in Germany)
- Deep consumer insights
- Technical integration of key merchants (stock, order synchronisation)
Market size and analysis
The global refurbished products market is worth €50 bn and will grow to €100bn in 2022. The market in Germany is worth €1.5 bn and will grow to €2.5-3 bn in 2022. The market is very fragmented with the largest player having 8-10% market share.
|First Name||Last Name||Job Title||Impressive Facts|
|Jürgen||Riedl||CTO||Experienced CTO, tech genius.|
|Kilian||Kaminski||Founder||Former head of refurbished products at Amazon.|
|Peter||Windischhofer||Founder||Former McKinsey consultant.|
Ask, use of proceeds, milestones
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