Flipkart Launches 2GUD Refurbished Goods Platform for refurbished goods that it had revealed late last month, when CEO Kalyan Krishnamurthy announced the shutdown of eBay India. Called 2GUD, it is the company’s first foray into the refurbished goods market – which it says is expected to be a $20 billion (roughly Rs. 1,39,740 crores) market in 5-6 years. Flipkart’s 2GUD platform will initially only stock refurbished smartphones, laptops, tablets, and electronic accessories, though it will be extended to other categories including home appliances in the future. The platform is already live.
The Walmart-owned e-commerce giant also said that all the refurbished products on 2GUD have been “thoroughly tested and certified with warranty”, something it claims will help mitigate the trust issue in the space that it claims is “still largely unorganised.” Flipkart’s 2GUD will provide a post purchase warranty ranging from 3 to 12 months, and that products sold will be serviced through a network of service centres across the country.