Hot Pursuit     09-Aug-23
Vakrangee spurts after tieup with Nexg Devices for "Vivo" smartphones
Vakrangee rose 5.45% to Rs 15.47 after the company said it has associated with Nexg Devices to offer sale of "Vivo" smartphones across its network.
Nexg Devices is an authorised distributor for sale of Vivo smartphones.

The company said "Customer will be able to buy 'Vivo' smartphones at Best Prices along with assured quality and warranty through Vakrangee Kendra outlets."

Vakrangee Kendras are exclusive Branded format outlets offering a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and Total Healthcare. With 84% of Vakrangee Kendra outlets in Tier-4 to 6 locations, this association will enable Vakrangee to provide access to sale of new smartphones in the most remote parts of the country by offering the product through its 21,003 Vakrangee Kendras.

Vakrangee has become India's leading last mile distribution platform, offering a comprehensive physical and digital ecosystem across the country. Their services include real-time banking, financial services, ATM facilities, insurance, e-governance, e-commerce (including healthcare services), and logistics. With a focus on rural, semi-urban, and urban markets, Vakrangee is driving financial, social, and digital inclusion for the Indian population.

On a consolidated basis, net profit of Vakrangee surged 716.67% to Rs 0.49 crore on 14.69% increase in net sales to Rs 55.59 crore in Q1 June 2023 over Q1 June 2022.

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