HyperXchange is India’s quickest developing manufacturer for refurbished electronics. Established three years in the past in 2016, we are disrupting the enterprise with the aid of turning its key fee drivers on its head:

1) We are turning a predominantly inventory-led enterprise into an asset-light mannequin – main to non-linear growth

2) We are reworking a cash-&-carry gray market into a credit-based structured financial system – supporting introduce transparency, have confidence and institutional funding

3) We are supporting to realign a localized, offline commercial enterprise in pinnacle metros into a hugely distributed, omnichannel powerhouse throughout India’s Tier 1 and Tier two facilities – unlocking the attainable of recommerce throughout the biggest customer populace in the world. The success of the hyperXchange mannequin is underlined by way of our hot growth. Over the previous three years, our enterprise scaled 12x, margins increased 7x, topline grew 108x, and usage ballooned via over 400x.

Market Challenges:
India’s preowned electronics market is the biggest in the world – it is projected to explode to $25bn at a 40% CAGR increase rate. However, it is an underserved space, with the gray market dominating over 95% of the cutting-edge supply. Grey market-led economic system skill terrible client trip – each from the point of view of believe (low or no assurance or after income service) and ease (purchase manner is complicated, availability is unpredictable, distribution is localized to positive areas in pick metro cities). An unstructured market additionally skill gamers do now not have get admission to to institutional funding and credit, and would want to count closely on cash-&-carry transactions. This, in turn, skill that most corporations dealing in refurbished electronics comply with an inventory-led asset-heavy mannequin – which makes boom gradual and difficult. It’s a mission from the viewpoint of customers who favor to promote their phones, too. Electronics today, and especially cell telephones (which represent shut to 80% of the refurbished electronics enterprise in India), have quick product cycles. Which skill they get out of date speedy and their promote fee falls quickly. In this situation, agents would select a trusted, computerized benchmark of fees at which they can promote their used products. Unfortunately, no such benchmark or automation exists in the enterprise today. The hyperXchange solution We located the market and created our special tech-led, asset-light approach to tackle each the demand-side and supply-side challenges: Demand Side Our special mixture of on-line and offline Franchise-led retail income ensures quickly asset-light growth, whilst yielding dedicated returns to Franchise companions from Month One.

HyperXchange’s patented ‘ATM’ Vending kiosks allow a completely automatic trip for customers each looking to purchase as nicely as their devices Supply side Our proprietary WorkBench™ product makes use of analytics and deep mastering to diagnose, revalue and certify historical gadgets WorkBench™ at our retail factors assist clients get the first-rate cost for the merchandise they favor to sell, in an automated, obvious and honest process This additionally helps us precisely cost and automate our bulk procurement, accelerating fine take a look at pace forty times, whilst decreasing human beings cost, assisting diagram refurbishment in advance, and assisting us provide an industry-leading 12 month doorstep guarantee on our merchandise Stellar Leadership team hyperXchange’s crew has a fantastic combine of experience, growth-hacking competencies & clean energy. They have scaled numerous multi-billion greenback projects, grew to become round businesses and created marquee brands.

Leading establishments that incubated hyperXchange:
IIM Calcutta’s Innovation Park – India’s main commercial enterprise faculty and startup incubator, accepted by means of the Department of Science & Technology. Microsoft’s Bizspark application intended to show off and help promising startups.

Who are we searching for?
HyperXchange is searching for franchise companions throughout Tier 1 and Tier two places with:
- A stellar historical past in scaling organizations in the past - Experience of retail
- Basic appreciation of customer electronics business
- Interest in technology
- Vision to suppose big
- Courage to attempt new things
- Ability to develop fast We will assist our companions scale retail hyperXperience locations, whilst our special omnichannel mannequin yields dedicated returns from the very first month of operations.