India’s Refurbished Phone Market Moves Upmarket as Premium Demand Grows
India’s refurbished smartphone market is showing signs of moving beyond its traditional budget positioning, with buyers increasingly opting for more expensive devices and newer-generation smartphones entering the resale ecosystem sooner.
Cashify’s Great Indian Upgrade 2026 report says demand for refurbished devices on its platform increased 30.8%, while the share of refurbished smartphones priced above ₹45,000 climbed from 10.9% in 2024 to 17.4% in 2025. At the other end of the market, the sub-₹10,000 segment declined from 10.7% to 8.4%.
The numbers suggest an important change in how consumers are using the secondary smartphone market: refurbished devices are increasingly becoming a route to premium and flagship technology rather than simply an inexpensive alternative to a new phone.
The ₹20,000–₹45,000 Band Remains the Sweet Spot
The ₹20,000–₹45,000 price range remained the largest part of Cashify’s refurbished business in 2025.
Devices priced between ₹20,000 and ₹30,000 accounted for 26.9% of refurbished sales, while...
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