Noushad Rahman, CEO of Zalomi Refurbished Electronics
Zalomi Refurbished Electronics, a UAE-based leader in the refurbished electronics market, has announced plans to raise $10 million to fuel its global expansion by 2025. The company, known for its affordable and environmentally friendly electronic solutions, is set to extend its reach into new international markets, aiming to capitalize on the growing demand for sustainable and budget-conscious technology. With consumers increasingly prioritizing value and sustainability, Zalomi sees an opportunity to tap into underserved regions, particularly in Asia, Africa, and the Middle East, where access to affordable electronics is critical. The company also plans to open outlets in the United Kingdom to spread across European markets
The funds raised will be used to enhance Zalomi’s supply chain, strengthen its refurbishment processes, and increase its global distribution network. In addition to expanding its retail presence, Zalomi plans to invest in advanced refurbishment technologies to maintain its high standards of quality and reliability. The company also aims to increase its product portfolio, which currently includes smartphones, laptops, tablets, and accessories, with a focus on introducing more premium refurbished items that offer significant savings compared to new products. By scaling its operations, Zalomi seeks to reduce the e-waste footprint, aligning with global sustainability goals.
With its expansion strategy, Zalomi is well-positioned to become a major player in the refurbished electronics market globally. Noushad Rahman, CEO of Zalomi, highlighted that this fundraising effort is a key step toward building a sustainable future while offering customers cost-effective alternatives to new electronics. As more consumers shift towards eco-conscious and financially savvy purchasing decisions, Zalomi’s commitment to delivering quality, refurbished products at competitive prices is expected to resonate on a global scale.
