# Gadgetwood eServices Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gadgetwood-eservices-pvt

- Industry: Internet
- Headquarters: New Delhi, India
- Website: www.yaantra.com
- Total disclosed funding: $0.2M
- Latest round: Series A (Oct 6, 2014)
- Investors on record: 3

## About

Gadgetwood eServices Pvt. Ltd. is a mobile phone trading platform that provides consumers with services for buying and selling used devices, catering to both individual users and retail partners.Founded in 2013 and headquartered in New Delhi, India, Gadgetwood eServices Pvt. Ltd. specializes in mobile device transactions. In January 2022, the company was acquired by Flipkart Internet Private Limited for USD 40 mn, enhancing Flipkart's digital economy capabilities. The founders are Ankit Saraf, Anmol Gupta, and Jayant Jha, with Jayant Jha serving as the current CEO. The company has completed a total of 7 funding deals, with the most recent being an Add-on Trade Sale.Gadgetwood E-Services Pvt. Ltd. primarily operates through its flagship service of buying and selling used mobile phones. The process is streamlined, allowing consumers to obtain instant prices, schedule pickups, and receive cash for their devices. Additionally, the company offers the "Flipkart Reset for Business" app, empowering retailers and shop owners to purchase mobile phone stocks competitively. Services are available across major urban regions in India, including Delhi, Mumbai, Bengaluru, Kolkata, and Chennai.In 2023, Gadgetwood E-Services reported a revenue of USD 50.92 mn. The company's revenue is generated from the buyback of used mobile phones and wholesale distribution to retailers using the Flipkart Reset for Business app, establishing both B2C and B2B revenue streams.Gadgetwood eServices plans to innovate further in the mobile trading sector with new product launches aimed at enhancing service offerings. The company is targeting expansion into additional Indian urban markets by the end of 2024, supported by funding from the recent acquisition in January 2022. This funding will bolster the development of a comprehensive service ecosystem, critical for the company's growth in the digital economy.

## Funding rounds

- Series A, Oct 6, 2014, $0.2M — Indian Angel Network, Splice Capital, Dominor Investment

## Investors

- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A
- Splice Capital (https://capitalatlas.ai/funds/splice-capital) — Series A
- Dominor Investment (https://capitalatlas.ai/funds/dominor-investment) — Series A