Xfurbish is India’s leading IT refurbished e-commerce start up platform launched in Jan 2020 to facilitate buying and selling of enterprise and personal IT products. Xfurbish in its endeavour to organise the e-waste market has set its foot firmly in India with offices at 27 geographical locations and 500+ vendors, more than 1.5 lakhs products and 3,000 happy and repetitive customers. The company has set up its international associates in UAE, Nigeria, to be followed soon in USA, Srilanka, Bangladesh & Malaysia.
“Electronic Waste is emerging as a serious public health and environmental issue in India. India is the “fifth-largest electronic waste producer in the world”; approximately 5.2 million tons of e-waste are generated annually and an undisclosed amount of e-waste is imported from other countries around the world. E-waste produced in India comprises of 70% of computer devices, 12% in Telecom sector, 8% Medical Equipment, and 7% Electrical equipment. And as per the market survey, the reuse of Electronic Equipment waste in India is estimated at 10-15% while the rest of the E-Waste is going for Raw Material Extraction Recycling. While e-waste recycling is a source of income for many people in India, it also poses numerous health and environmental risks. More than 95% of India’s e-waste is illegally recycled by informal waste pickers called kabadiwalas or raddiwalas”, says Venkatesh Rao, Managing Director, Xfurbish.
With an objective to avoid unnecessary recycling of e-waste which poses a bigger health hazard and is not the solution when the same can be re-furbished and re-used”, Venkatesh launched this unique e-commerce platform for sellers of electronic waste and buyers of used electronic equipments. According to a market survey, the volume of the recycling business is 10-20% as compared to the new equipment sales. We aim to increase the share of refurbished equipments in the current market at least by 30-40% by the end of the financial year 2021. and also will significantly decrease the pollution generated by recycling of the e-waste”, adds Rao.
Current market reach of refurbished equipments is not effectively reaching Small Scale Industries, Schools, Colleges, Hospitals, Production Industries, etc., due to lack of visibility or exposure of the refurbished equipment. There is a void of trusted and organized source for refurbished IT products which is forcing the consumers to invest more in the new products. One way we are wasting available electronic units that can be reused and on the flip side, we are forcing to buy new products that will generate more amount of e-waste.
The Xfurbish program is helping create a value chain for the ever in demand electronics components.The company also through its various initiatives helps in creating awareness on e-waste ,an opportunity for individuals, companies, and organizations to creating the right revenue for e-waste instead of recycling. The platform gives the ecosystem the Xfurbish protection and encourage sellers through authorized partner program.
Every electronic unit adheres industry standards, with stringent testing norms and hence certifying that the product can be used further. Similarly, before listing any sellers into Xfurbish, the Quality Team does and audit, establish credibility and certify them in to Xfurbish Program. The team has evolved a successful model as the Xfurbish team has integrated additional care packs or protection for buyers, to boost consumers confidence.
Xfurbish is being funded by its parent company, Sureworks Infotech Pvt Ltd. and is utilizing their network and resources. Sureworks has more than a decade old leading IT solutions provider in Bangalore, one of the pioneers in Enterprises Support across India.