This startup has been doing Rs 5 Cr business every month by liquidating mobile phone inventory
EOL Stocks, an Ahmedabad-based B2B marketplace for mobile phones, helps businesses sell unsold stock in a short time.
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When Chinese mobile phone brand Gionee decided to discontinue its India operations in 2018, its distributors, retailers, and wholesale sellers were burdened with unsold stocks.
EOL Stocks, an Ahmedabad-based B2B online marketplace, came to its rescue and helped in liquidating all its unsold inventory in a short period of time.
In a highly competitive, fast moving, and razor thin operating profit margin business of selling mobile phones, it is the unsold devices which causes the biggest problem for companies in this segment. EOL Stocks has been successfully solving this problem for close to three years now.