8.3 / 10 · Established in 2016, 4 Franchisees currently, Headquartered in Kolkata
|Format||Investment||Brand Fee||Space||Staff||Exp. Monthly Sales||Profit Margin||Royalty|
|Retail Outlet||USD 13.1 - 26.2 thousand||USD 3.3 thousand||100 - 1,000 Sq Ft||3||USD 40 thousand||12%||No Royalty|
|Format Name||Retail Outlet|
|Investment||USD 13.1 - 26.2 thousand|
|Brand Fee||USD 3.3 thousand|
|Space||100 - 1,000 Sq Ft|
|Expected Monthly Sales||USD 40 thousand|
|Royalty / Commission||No Royalty|
HyperXchange (HX) is India’s fastest growing brand for refurbished electronics. We are disrupting the business by turning its key value drivers on its head. We are turning a predominantly inventory-led business into an asset-light model that leads to non-linear growth. We are transforming a grey market into a structured economy based on credit. We are helping realign a localized, offline business in top metros into a massively distributed, omnichannel powerhouse across India's Tier 1 and Tier 2 centers. Our scorching growth underlines the success of the HyperXchange model. Over the past 3 years, our business has scaled 12x, margins have improved 7x, topline has grown 108x, and utilization ballooned by over 400x. Dealing in refurbished electronics follows an inventory-led asset-heavy model which makes growth slow and difficult. It’s a challenge from the perspective of consumers who want to sell their phones too. We observed the market and created our unique tech-led, asset-light strategy to address both the demand side and supply-side challenges.
Demand Side: Our unique combination of the online and offline franchise led retail sales ensures fast asset-light growth while yielding committed returns to franchise partners. One HyperXchange’s patented ATM Vending kiosks enable a fully automated experience for consumers both wanting to buy as well as their devices.
Supply-side: Our proprietary WorkBench™ product uses analytics and deep learning to diagnose, revalue and certify old gadgets. Our WorkBench™ at our retail points helps customers get the best value for the products they want to sell, in an automated, transparent and fair process. This also helps us accurately value and automate our bulk procurement, accelerating. Quality check speed 40 times, while reducing people cost, helping plan refurbishment in advance, and helping us offer an industry-leading 12-month doorstep warranty on our products.
HyperXchange is looking for franchise partners across Tier 1 and Tier 2 locations.
Products and Services
We sell smartphones, laptops and LED TVs.
Sales and after sales servicing of mid to premium segment.
Preferred LocationsKolkata, Pune, Chandigarh, Mumbai, United States, United Kingdom, Bangladesh, Punjab, Brazil, Karnataka, Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Rajasthan, Madhya Pradesh, Haryana, United Arab Emirates, Jammu and Kashmir, Jharkhand, Assam, Kerala, Odisha, Chhattisgarh, Qatar, Himachal Pradesh, Yemen, Pondicherry, Tripura, Meghalaya, Andaman and Nicobar Islands, Goa, Bahrain, Arunachal Pradesh, Nagaland, Daman and Diu, Mizoram, Telangana, Lakshadweep, Bihar, Manipur.
How to get HyperXchange Franchise?
Connect with us over SMERGERS and we will guide you through the process.
What are some of the things we look for in a Franchisee?
Franchise partner must have a stellar background in scaling businesses in the past, experience of retail, basic understanding of consumer electronics business, interest in technology, vision to think big, confidence to try new things, ability to grow fast.
Support you can expect from the company
Sales support during the initial setup, after sales support with regards to warranty claim and provide training to retail staff members.
Earlier than 15 daysSAP Lead Consultant, IT, Chennai, Individual Investor / Buyer connected with this business
Earlier than 15 daysOwner, Agro Trading, Doha, Corporate Investor / Buyer connected with this business
Earlier than 15 daysOwner, Saree Manufacturer, Surat, Individual Investor / Buyer connected with this business
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