After two failed businesses, This Delhi man built Rs 200000000 company in just 3 years, his unique idea was to…, his net worth is…

New Delhi: From facing early setbacks in his father’s established business to founding his own refurbished mobile phone business, Neeraj Chopra’s entrepreneurial journey has all the makings of a Bollywood blockbuster — drama, setbacks, a unique idea, and an impressive comeback. Today, when everyone has a mobile phone in their hand, Neeraj turned this very device into a business worth crores. Without any major investment or marketing, he launched a startup named Zobox, which refurbishes old mobile phones and sells them again — all in an eco-friendly manner.

In a mere three years, Zobox has achieved a turnover of Rs. 20 crore. The range of mobile phones available at Zobox spans across various well-known brands, ensuring there’s something for every customer. “Opting for refurbished mobile phones allows our customers to save money while also playing a part in creating a sustainable future,” says Neeraj, the founder of Delhi-based Zobox to the Weekend Leader. “We are all about making eco-friendly choices and promoting responsible consumerism.”

All you need to know about Zobox:

  • Zobox’s refurbished phones are priced 30-50 per cent lower than the maximum retail price of new models.
  • The refurbished phones come with a six-month warranty
  • For instance, if a brand-new handset costs Rs. 10,000, Zobox offers the refurbished version of the same model for just Rs. 3,000-5,000.
  • Each phone listed on the Zobox app ‘Zobiz’ undergoes a rigorous inspection and certification process, guaranteeing quality and reliability.
  • Launched in December 2020, Zobox operates under the registered name, Zobox Retails Private Limited.

Started in 2020 with just Rs 50 lakh in capital and a team of 8–10 people, the company crossed a turnover of Rs 20 crore in just three years. Today, Neeraj’s net worth is around Rs 37 crore, and Zobox is rapidly expanding its footprint across the country.

Neeraj Chopra: Man Who Earned Rs 20 Crore Business in Just Three Years

  • Neeraj was born into a business-class family in Delhi
  • Neeraj’s initial business experiences were marked by struggles and learning curves.
  • His father, who was trading in pesticides and seeds, later ventured into the wholesale business of electronic components in Delhi’s renowned Old Lajpat Rai Market.
  • Neeraj finished his Class 12 at Naval Public School, Delhi, in 1998
  • Neeraj went on to pursue his B.Com from Satyawati College under Delhi University.
  • When Neeraj started his college journey, his father took him under his wing to teach him about the family business.
  • At 18, he was sent to Hong Kong to gain practical experience by working with his uncle.
  • His life in Hong Kong was focused on the import of electronic components from China and then selling them in India.

Returned to India in 2010

After the death of his uncle in 2010, Neeraj returned to India and joined the family business. However, working in the country proved to be a challenging experience for him. He later ventured into his own businesses in sectors like real estate and power banks, but faced losses in both.

He observed that just like Cars24 resells used cars, mobile phones could also be refurbished and sold again. This thought led to the birth of Zobox — a startup that repairs and refurbishes old mobile phones and sells them at affordable prices.

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