Mumbai, May 7 2015: LenDen – a mobile marketplace – having its operations in United States and Middle-East, has forayed into the Indian market by unveiling it’s free mobile application for Android and iOS users.
The major categories in the app include games, toys, arts and crafts, movies and music, books, automobiles, mobiles and tablets, electronics and computers, home appliance, furniture, jewellery, clothing and accessories, sports and health and tools and accessories.
Founded by Unni Peroth, Raju Jayanthan and Rohit R K, LenDen is a mobile marketplace to exchange, sell or buy items within the same category or different ones within the locality. It helps locate the seller on the map, connect through a chat window and strike a deal. The USP of LenDen is that it enables exchange, buy, sell and donate functions on the same platform.
Says Rohit R K, COO, LenDen: “India is poised to become a large mobile internet market with smartphones and tablets driving the next wave of growth in Internet consumption. We are excited to release this new universal app to address the booming Android and iOS market. And with the launch of mobile apps for Android and iOS now will our focus on providing Indian internet users the best classifieds experience anytime and anywhere."
Rohit adds that the second-hand market in India has a huge potential and is still not fully tapped. “A recent report has pegged the market for second-hand and recycled goods at Rs800 million (Rs 80,000 crore), which is expected to increase to Rs 1/.15 billion( Rs 1,15,000 crore) by the end of 2015. A better purchasing power of the middle-class as well as brand-buybacks with attractive incentives and exchange schemes may be a few reasons that can be attributed to this huge spurt in the second-hand market."
The app can be downloaded for free from Google Play Store and Apple App Store. http://www.lendenapp.com