Administrator | September 26, 2016

Renew IT

RENEW IT

Provides affordable refurbished to students, NGOs and small businesses in India.

http://renewit.in/home

Incubated Since 2014 Headquarters Bangalore, India Sector Other Sub-sector Tech refurbishment

"Corporate companies dispose their computers every 3-5 years. Truthfully those computers are pretty well maintained and they have around 5 more years in them. There is a massive opportunity there.

- Mukund BS, Founder, RenewIT.

The Entrepreneur

Raghav Boggaram has a Bachelor of Business Administration degree in marketing from Western Michigan University and a Master of Science degree in international business from Manchester Business School. He worked as the COO for Srushti Pharmaceuticals before starting his own organisation, RenewIT.

Mukund BS is a graduate of IIM Calcutta. He worked as the assistant brand manager for ITC and as the director and founder for Eco Raksha before starting RenewIT.

The Challenge

Less than 1 in 10 households and less than 1 in 20 small businesses in India have a computer. To become more digitally inclusive and have greater access to information and opportunity, India needs around 600 million affordable computers over the next decade.

The Innovation

RenewIT sources computers from large MNCs and refurbishes and remarket them. This helps bridge the large digital divide that exists in a country of over a billion people. The primary goal of the company is to increase the number of high-quality, low-cost PCs and related parts and accessories available to students, NGOs, small businesses and other users.

The Impact

RenewIT has sold over 15,000 units. Over the next 5 years they are looking to impact at least a million lives.

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