Every product sold in the world has a second life, and it’s worth $1.4 Bn!

The global trend of buying Second Hand products has been increasing over the last few years. Today’s consumers are more cost conscious and are comfortable buying and selling goods online. Hence, it is of no surprise that the investor sentiment towards the sector has been positive.

The global Second Hand Goods market saw a hefty investment of $1.4 billion in 2014 alone vis-à-vis the $196.4 million in 2013. Over $1.1B has been invested since January 2015 across the various categories of Second Hand Goods segment. Some of the top funded categories are Horizontal and Luxury Fashion. Top investors like SV Angel, Accel Partners, Tiger Global and Sequoia Capital have shown interest in this burgeoning market.

BI India brings insights from Tracxn ‘Second Hand Goods’ Report that takes a comprehensive look at the market, and over 300 companies within it.

While the $1.4 Bn number is amazing, the upsurge in investment since 2011 is also revealing of the potential of the market.

While the regular e-commerce players are making it big in the retail space, there is also a parallel universe of second hand goods retail sites that have their cash registers going k ching!

It's no wonder that Luxury fashion is among the top sectors here. Can't buy it from a store? Get a second-hand for half the price that looks as good as new!

Furniture is one among the upcoming markets that investors are looking to bank on.

Image credit: Indiatimes