Never Owned is a premium brand associated with the re-commerce of branded Electronics and other household items which either have been directly procured from the OEM under excess inventory category or unboxed items returned by the customers on leading ecommerce portals. These items have never been owned by anyone, are unused but may have their packaging boxes opened. We have an extremely efficient procurement channel to source such items at large scale from OEMs and e-com portals, with nationwide distribution through company owned outlets, franchises, business associates and online.
Founded in 2016 with a vision to "transform the way open box trade and retail is done in India by leveraging technology", Open Box Inc aspires to be India’s largest business-to-business and business-to-consumer re-commerce platform for electronics and lifestyle categories. It has operations across categories including lifestyle, electronics, home & kitchen, electricals, cycles, sports equipment amongst others.
We operate an online shopping platform that offers customers and bulk buyers the option to purchase unused, branded open boxed, surplus, overstocked and refurbished products at low prices. Amazon, Flipkart, LG, Samsung, IFB and many other large Original Equipment manufacturers (OEMs) are among our several large sourcing partners.
Through our brand NeverOwned, we are solving core value-for-money problems faced by individual and institutional consumers while buying overhyped and overpriced new large appliances that are unique to India, through its unique low-cost business model by leveraging technology and bringing the benefits of re-Commerce to them. Open Box Inc has built inclusive tech tools relevant to Bharat, especially catering to the needs of retailers and consumers, providing them an edge and advantage over contemporary high-priced similar quality, and same-brand products.
Operations Commenced On 2016
Distribution Commenced On 2022
| Types of Channels | Investment (If any) | Margin / Commissions | Area Requirement |
|---|---|---|---|
| Distributor | Rs. 20lakh - 30lakh | 30% | NIL |
Exclusive territorial rights to a channel partner Yes
Anticipated percentage return on investment 30 %
Likely pay back period of capital for a Channel Partner 2-4 Months
Other investment requirements None
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttarakhand, Uttar Pradesh
Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
Assam, West Bengal, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Chandigarh
Type of property required for this dealership opportunity Commercial
Floor area requirement 1000 - 5000 Sq.ft
Preferred location of unit dealership outlet highly populated areas or commercial markerts are preferable
Do you have a standard dealership agreement? Yes
How long is the dealership term for? 3 Years
Is the term renewable? Yes
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