Technology-based e-distribution startup YMS Mobitech is exploring ways of having a pan-India presence, including taking on board over 30,000 mobile retailers by the end of 2017-18. The company, which has the exclusive India distribution rights of leading accessories brand Capdase, has tie-ups with nearly 13,000 retailers and presence across over 400 cities.
“We have created a technology-based platform where all stakeholders, distributors, retailers, customers and our own sales team are connected by a single mobile application,” YMS Mobitech co-founder Aakash Kasaundhan said.
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The target for this fiscal year is to have 30,000 retailers on board, he added.
Total capital infused in the business till date is approximately Rs 60 crore and an estimate of about Rs 70 crore for the next year is in the pipeline, he added.
The company counts Motorola, Xiaomi and LeEco as partners for distribution of their accessories, along with various other accessory brands.