Startup Stories

YNew.in – Nothing is too old here!

Inc42 Daily Brief

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Wishing to buy your dream gadget second-hand for a reasonable price with product warranty?

Well, YNew.in is here to make your dream come true.

YNew.in is a consignment store for Pre-Owned and Factory 2nd gadgets (Smart Phones, Laptops, Desktops and Televisions) which can help sellers to sell their precious gadgets at best prices and a boon for buyers to validate and purchase branded & certified products with service warranty.

On similar lines to Mahindra’s First Choice (the Second-hand Automobile store), YNew.in picks up the product from the buyer, tests it, refurbishes it and then puts it on sale in the nearest YNew.in store. Once the good is sold, the seller will receive money within two working days.

The model looks neat, simple and efficient. But what about trust and guarantee that the gadget will work fine for long?
Well, YNew.in takes care of that with its YNew Trust seals that signifies the ease, convenience and authenticity provided to the customers. This consists of:

  • YNew Certified indicates the genuineness of the product and its working condition after being tested thoroughly by its engineers.
  • 30 Day Warranty: Warranty is something that is not promised to customers who buy used goods. But, at YNew, every single product sold through its store will have a free 30 day warranty period from the date the product is purchased.
  • Extended Warranty: At YNew.in, they proved an extended warranty between 12 to 18th months for a nominal fee entailing you to servicing in case of any breakages and freak incidents.

In an attempt to make the process more customer friendly, YNew.in also provides services like Free Home Delivery, Free Pick up and Swift Payments.
YNew.in also offers a very unique service; YNew Genie that extends on-demand PC troubleshooting & repairs for home & small businesses and in-store smart phone repair services with 60 days warranty.

With its first retail outlet already functioning in Hyderabad, YNew.in aims to open 35-40 stores in the next 2 years in Tier-1 Cities. The founders do realize that there reach is still predominantly restricted to the Internet curtailing them to only 8-10% of the total customer base. Since, the second hand market is more of touch and feel, where the buyer wants to examine the product properly before making a decision. This is what puts the offline mode ahead of the online. The team at YNew.in is busy cracking that up with its customer friendly services mentioned earlier like Free Home Delivery, Pick up.

YNew.in identifies itself as the only organized player working on same lines but will surely face stiff competition from small shops and online mediums like Quickr, OLX.
YNew.in hopes that its value proposition will address numerous pain points of sellers and buyers being the trusted partner for both the parties.

So, if you want to get rid of your present gadget or buy a Factory 2nd affordable gadget, then give this a spin!

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Inc42 Daily Brief

Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy

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