Current Affairs - Business - Discussion

Quikr has acquired Bengaluru-based secondhand goods marketplace Zefo, for INR 200 Crore to strengthen the sales of its pre-owned goods business. With this pre-owned product's market in India will reach USD 12-15 billion in the year 2020. Normally a pre-owned product's price can be as low as 30-60 percent of a new one. Zefo is an online marketplace for selling refurbished TVs, mobile phones and furniture.