Mumbai (Maharashtra) [India], September 12: Rocking Deals Circular Economy Limited (RDCEL) (NSE Code – ROCKINGDCE), one of the prominent forces in the B2B and B2C re-commerce sector, specialising in facilitating the bulk trading of excess and open-box inventory alongside offering refurbished products, is pleased to announce the incorporation of its new subsidiary, Sustainquest Private Limited (SQPL). RDCEL owns 58% in the Company, while 42% is held by UTC Digital Technologies Private Limited (DIGI2L).
Sustainquest Private Limited will specialise in wholesale preowned goods from leading brands, utilising DIGI2L’s advanced digital platform to optimise operations. As the technology partner for major brands like LG, Samsung, Godrej, and Croma, DIGI2L will streamline trade-ins and support Sustainquest’s high-quality refurbishment of preowned white goods. Sustainquest aims to deliver innovative digital solutions for managing consumer durables, appliances, and electronics, meeting the growing demand for sustainable, affordable products.
The incorporation of Sustainquest Private Limited aligns with RDCEL’s strategy to diversify and expand its business operations by entering the preowned products market. By focusing on innovative digital products and services, RDCEL aims to become a more agile and diversified company, capturing new opportunities in the digital marketplace. This new subsidiary will enhance RDCEL’s capabilities, broaden its offerings, and reach a broader customer base, all while advancing its commitment to sustainability and circular economy principles.
| Commenting on the announcement, Mr Aman Preet, Managing Director and Founder of Rockingdeals Circular Economy said, “We are pleased to announce the launch of Sustainquest Private Limited, our new subsidiary, marking a significant step in our strategy to diversify and enhance our business operations. As a key player in the e-commerce sector, Sustainquest will expand our pre-owned category business and make it organised in India.
This initiative underscores our commitment to sustainability and circular economy principles, enabling us to extend the life cycle of consumer goods, reduce waste, and foster responsible consumption. By entering the digital marketplace with innovative solutions, we are poised to seize new growth opportunities while contributing to environmental sustainability. Sustainquest will help us strengthen our core business, drive our vision for a sustainable future, and engage more deeply with consumers who prioritise eco-friendly choices, further advancing the transition to a circular economy and maximising benefits for society and the environment. |
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