PreLoved Device has acquired India’s first refurbished marketplace – Overcart

PreLoved Device announced that it has acquired India’s First Marketplace for Refurbished Products Overcart in a cash and stock deal. Post this acquisition, Overcart, backed by JSW Ventures, Omidyar Network, Sattva Capital and Venture Works will be operated under the PreLoved Device brand name.

With this acquisition, PreLoved Device aims to strengthen its position in second-hand and refurbished goods space. As a part of this transaction, the entire team of Overcart will be joining PreLoved and the company’s customer base and products will be migrated as well.