Aliqindoi, a startup dedicated to the circular economy of electronic products including buyers, repairers, reconditioners and other agents on a single platform, has achieved the “break even,” that is, has reached the profitability threshold in its first year, and supports about 1,000 physical stores, according to a statement the company.
The company, which began its activity in December 2022, initially positioned itself as a marketplace, however, evolved into the platform that is today, managing to bill 500,000 euros in 2023 and with a forecast of billing 1.2 million euros in this financial year, which would mean a growth of 140% in 2024.
Likewise, the Malaga company points out that it has multiplied its workforce by five during this time, while having managed to access up to 120,000 euros of traditional bank financing, all thanks to its cash management policy with a geographical focus, segment and product focus.
In particular, the startup has managed to support about a thousand physical stores in Spain, two companies in the telecommunications sector, several marketplaces, e-commerce channels and high-consumption and retail chains.
The next steps of the company are focused on improving usability and integrating innovative technology, for which they will improve their testing technology that will ensure a thorough and accurate evaluation, improving efficiency and waiting time by 40%, increasing productivity.
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