PreGrab is an online pre-owned products market that certifies the products listed on it, based on several technical parameters. To top it all, it provides post sales services such as logistics, free warranty and servicing period and a ai???no questions askedai??i?? return policy so that its customers donai??i??t have to compromise on any fronts.
We recently interviewed their team to get a deeper insight into this new service.
1. Tell us about your background beforeAi??PreGrab. Share with us briefly, your entrepreneurial journey and inception of PreGrab.
Before PreGrab, we all were doing our regular jobs which required us to move frequently. A pertinent issue that we confronted was buying home appliances like fridge, washing machine and microwave every time we shifted to a new place. Though these products have a long shelf life, factors like mobility force us to turn to new ones. Not just mobility, but in the present era of consumerism, these sturdy appliances are dumped for the sake of sheer boredom and experimentation with new interiors. In that case, an organised second-hand market comes in handy. Based on our personal experiences, we understood that a problem existed in the pre-owned market which needed to be solved. As we started looking for answers, we started working on modelling PreGrab sometime during the last quarter of 2015. We became fully operational on 20thAi??January, 2016.
2. What is PreGrabAi??all about? Tell us in detail about the services offered?
PreGrab wants to bring the pre-owned products market at par with the new products market when it comes to information symmetry and post-sales services. We are achieving this by certifying the products listed on PreGrab based on various popular and technical parameters and providing post sales services such as logistics, free warranty and servicing period and a no questions asked return policy to all its customers to ensure complete customer satisfaction, which they had been compromising on so far.
We have kicked off from being a B2C market-place of pre-owned products (presently dealing with consumer durables- washing machines and refrigerators) in Bengaluru.
PreGrab wants to solve the problem of ai???reliabilityai??i?? and ai???visibilityai??i?? with the following offerings:
All products listed on the website will be certified and rated based on a list of transparent technical and popular parameters.
Onsite Warranty and Servicing. We are providing minimum 6 monthsai??i?? warranty and servicing on our products.
No Questions Asked return policies*. We are providing 7-Days, no questions asked return policy.
The products will be listed online with a user-friendly interface to provide a better look and feel to the buyer. This will be of key importance in some of our verticals.
Free shipping within the city. This will at the same time solve the issues of logistics which are generally faced while buying pre-owned products.
The Introductory video should explain this better- https://vimeo.com/161910061
3. What is your competition in the market? What is it that sets you apart from your competition?
Since you asked specifically, for a common man, we are a platform selling pre-owned products, so our competitors are OLX & Quickr.
As I mentioned earlier, the existing players are solving the problems for the seller but in that process, the problems of the buyer are left unaddressed. What PreGrab is doing is looking at the other side of the problem in this market and ensuring that buyers get an end-to-end solution to their problem.
4. What is the business model ofAi??PreGrab? Can you briefly summarize the growth achieved in both volume and value from the Day 1 till now?
PreGrab works on a B2C market-place model where we list the products of dealers in this market after verifying and certifying them. For every sale, PreGrab shares a percentage margin with the dealer. The post sales services including logistics, warranty and servicing are the onus of PreGrab.
Having said that, I would also like to add that we have plans of adding C2B & B2B avenues in future to complement our growth on a large scale.
We have served over 450+ customers since our launch on 20-Jan-2016 covering a GMV of buy cialis daily online 28 Lakhs+.
5. Tell us about your journey when you first began? What were the challenges you faced in setting up and scaling up your enterprise? Any hurdle that you faced or are still facing?
Like any other start up, we had to research about the idea, the problem we aim to solve- if there actually is a problem, if our product actually solves this problem. Then comes the second part, like feasibility of the model, execution from technical side and actual execution from paper plan to ground. In our case, a lot of thought process along with critical analysis has gone into selecting the first category to launch and in which city.
Specific to our enterprise, I would say educating dealers and customers about the usefulness of PreGrab. Dealers need to understand that if they will be transparent about the product, customer will buy it eventually, and customers, that buying pre-owned is not just economical but useful as well. Building the trust among people about pre-owned products has been the hardest task for us, which we have achieved till now but it is a never ending exercise, maintaining that trust is harder, which we aim to achieve by giving our best post-sale services to customers.
6. Can you tell us about your other foundersai??i??/core team, their background and rich experience? order bupropion
Our co-founding team with their past experience –
1.Ai??Ankit Agarwalai??i??Ai??(Batch 12ai??i??, IIT Bombay. Past Experience- Well Engineer, IPM, Schlumberger Iraq & Schlumberger Saudi Arabia)
Ankit joined Schlumberger (Iraq and Saudi Arabia) after graduating from IIT-B in 2012 working with Integrated Project Management (IPM) segment thereby handling Integrated Projects involving Engineering Design, Planning, Execution and Reviewing all O&G Operations from beginning till the end, liaising between all segments acting as a Pseudo client for the Client Companies.
2.Ai??Arpit Gaur-Ai??(Batch 12ai??i??,Ai??JECRC. Past Experience- Senior Engineer,Ai??ShopcluesAi??& Tech Lead, Droom)
Prior to PreGrab, he worked with ShopcluesAi??andAi??Droom,Ai??where he worked directly with the CEOs and core team to get cataloguing and fulfilment management tools implemented.
Overall, he has an extensive experience at managing and delivering products that caters the operational and analytical needs of the business while complying with the business priorities.
buy celebrex online, cheap clomid 3.Ai??Pankaj Mohanpuria-Ai??(Batch 12ai??i??,Ai??IIT Bombay. Past Experience- Deputy Project Manager, Vishwa InfraAi??& Project Manager,Ai??ICICI Ltd.)
Pankaj is leading Marketing & PR at PreGrab. Prior to PreGrab, he worked with ICICI Bank, Mumbai & Vishwa Infrastructures, Hyderabad. In ICICI Bank, he was Infra Project Manager (IPM) which involved providing fully functional branches from the signing of lease to full-fledged branches as per standards of theAi??bank.
4.Ai??Rohin Bakshi– (Batch 12ai??i??,Ai??IIT Bombay. Past Experience- Senior Field Engineer, WPS,Ai??Schlumberger India)
Prior to starting PreGrab, Rohin worked with Schlumberger Asia Services Ltd. as a Senior Field Engineer after graduating from IIT Bombay in 2012. Before quitting Schlumberger in early 2016, Rohin was leading teams in key hydro-fracturing campaigns across the country providing technical expertise and acting as the primary contact between Schlumberger and the stake-holding operator companies on field. He also worked with the sales team to bag key campaigns in India.
5.Ai??Vaibhav Kalra– (Batch 12ai??i??,Ai??IIT Bombay. Past Experience- Online Marketing,Ai??Flipkart)
Vaibhav joined Flipkart after graduating from IIT-B in 2012 and worked across multiple teams under the digital marketing umbrella in his 3-year stint at Flipkart. By the time he quit Flipkart in 2015, he owned the in-house affiliate program charter for Flipkart- driving its P&L, Operations and Product management responsibilities.
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