Apart from selling used/refurbished products, the company which was launched in 2012 by Alex Souter and Saptarshi Nath, claims to helps businesses and large e-commerce establishments manage their customer returns and eliminate unsold stock by offering these products at marked down prices (liquidation prices) to consumers and smaller retailers. Overcart claims this helps businesses to reduce their warehousing costs.
Source: Overcart secures $3M from JSW Ventures, Sattva Capital & others – MediaNama