PreLoved Device acquires refurbished marketplace- Overcart
PreLoved Device has announced that it has acquired Overcart in a cash and stock deal. Post this acquisition, Overcart, will be operated under the PreLoved Device brand name.
PreLoved Device aims to strengthen its position in second-hand and refurbished goods space. As a part of this transaction, the entire team of Overcart will be joining PreLoved and the company’s customer base and products will be migrated as well.
Founded in 2012, Overcart provides quality checks and certification, repair assistance and online returns management for their clients.
“India is an important market for us and this acquisition will help in considerably scaling-up our domestic business. With this acquisition, we will be able to leverage the technological capabilities, customer database that Overcart has built in the refurbished industry,” said, Yogesh Bhatia, Founder, PreLoved Device.
“This investment aligns with our strategy and our goal is to contribute to India’s success story while growing our business across the country”, he further added.