Delhi-based ControlZ raises $3M led by9Unicorn and Venture Catalysts

Delhi-based ControlZ, in the premium renewed smartphones market, has raised $3 million in seed funding. The round, which is a mix of debt and equity, was co-led by 9Unicorn and Venture Catalysts. 

Enhancing automation processes

With the fresh capital, ControlZ plans to enhance its automation processes and establish advanced testing labs that rival original equipment manufacturers (OEMs).

The startup aims not only to improve the quality of its offerings but also to make them more affordable for consumers. 

Specializing in renewing pre-owned electronics

Yug Bhatia is the founder and CEO of ControlZ. ControlZ specializes in renewing pre-owned electronics at a component level. It aims to extend the life cycle of smartphones, both visually and functionally, while lowering their carbon footprint.

Reducing environmental impact

By focusing on the renewal of smartphones, The startup aims to reduce the environmental impact associated with manufacturing new devices. This approach not only extends the life of existing devices but also addresses the critical issue of e-waste in the $70 billion pre-owned smartphone segment.

Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, praised ControlZ's impactful approach to reducing e-waste and its vision for the future.

Sharma anticipates that ControlZ will emerge as a market leader, particularly with its advanced facilities for premium brands like Apple and OnePlus. This leadership is expected to not only position ControlZ at the forefront of the industry but also make a significant environmental difference.

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