MobiGarage

company

About

MobiGarage: Digitizing India’s second-hand smartphone market

  • 11 - 50

Details

Last Funding Type
Seed
Industries
Artificial Intelligence,E-Commerce,E-Commerce Platforms,Mobile,Mobile Devices,Retail
Founded date
Jan 1, 2017
Number Of Employee
11 - 50
Operating Status
Active

More than 500 million people will get on the Internet for the first time in the next three years in India, mainly through low-cost refurbished smartphones. MobiGarage is innovating the US$40 billion dollar smartphone market by disrupting the second-hand mobile supply chain through Artificial Intelligence and selling refurbished smartphones with certified components and warranty that are 70% cheaper than new smartphones. Catering to 100,000 smartphones a year, MobiGarage is growing 20% monthly.
MobiGarage caters to the end user customer through online medium - E-commerce marketplace on MobiGarage.com and offline through unique hub and spoke model covering the multi billion dollar Tier 2, Tier 3 and Tier 4 markets

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
MobiGarage has raised a total of — in funding over 2 rounds. Their latest funding was raised on Jul 12, 2021 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 12, 2021 Seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
MobiGarage is funded by 1 investors. Inflection Point Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Inflection Point Ventures Seed