Recommerce

Since 2021, the company has pivoted and embarked on its expansion across India

Flipkart Labs will be based in Bengaluru and it will back in-house innovation by using emerging technologies, promoting ideas, and delivering "breakthrough solutions", it said

Hyderabad,11 March:On-line renting and recommerce companies are trying to expand the pre-owned product market with innovative solutions catering to different segments. Social media giant Facebook and e-commerce major Amazon are also testing the market in this space. There has been a shift in the social acceptance of buying pre-owned products, thanks to online classified sites - Quikr and Olx. Understanding the economical benefits, a large pool of buyers and sellers are using these web platforms.Tiger Global-backed Quikr has vertical oriented monetisation streams - QuikrC2C, QuikrCars and QuikrHomes. It has introduced escrow payments, inspection reports, scanner apps that assess quality of pre-owned goods and Doorstep offering which allows home delivery. These innovations allow both ease of discovery and secured transactions.According to Quikr chief product officer Anurag Saran, the online platform gets more than 30 million monthly unique visitors across 1,000 cities. The number of ...