The Gurgaon-based company was initially founded as Bootstrapp by Alexander Souter and Saptarshi Nath in 2012. Renamed as Overcart, they supply returns management and liquidation services to major e-commerce companies, manufacturers and retailers.They also operate overcart.com, an e-commerce marketplace for over-stocked, unboxed, refurbished and pre-owned products. They have various categories such as laptops, mobile phones, cameras and accessories etc.
They work with major businesses to liquidate their excess stock and returned goods and in turn, provide quality check and certification, repair assistance and online returns management. It sources its products from trusted manufactures like Acer, One Plus, Xiaomi etc and sells products refurbished only by OEMs.
Overcart uses its hardware and software innovations to diagnose, refurbish and quality check products across more categories and locations in Delhi NCR, Bengaluru and Mumbai. It has its own warranty brand, OverTrust offering walk-in product repair services in 55 cities across India.
Overcart is currently valued at $3.03 million as on July 2016.
Overcart is different from its competitors like Reboot, JustLikeNew.in. and Blubirch in many ways. One is their unique business model, which obtains goods directly from the retailers i.e. e-commerce manufacturers and manufacturers and not end users. They help companies who are stuck with products that they cannot sell. Two is that their products are certified high-quality, which brings transparent to the untrustworthy marker of unboxed and refurbished goods, while also significantly increasing the purchasing power of consumers. Thirdly, their ability to liquidate products fast.
Overcart allows various payment options such as debit/credit card payment., cash on delivery and Emi (with Citibank).
Recently, Overcart launched a new category “Restored Devices” which are apparently “as-good-as-new”. These devices go through a careful five step quality screening process which ensures the devices are not only fully functional with included accessories but also cosmetically appealing. These devices come with a six month warranty and fifteen day returns policy.
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