Cellecor Gadgets Ended In Green On Inking Partnership With CashKaro

Shares of consumer electronics company Cellecor Gadgets Ltd. saw a decent move in Wednesday's trading session after entering into a partnership with CashKaro, a company backed by Indian Business tycoon Ratan Tata.

The positive movement in the share price was observed after the company announced in an exchange filing that Cellecor and CashKaro have forged a strategic partnership spanning 100 stores, introducing cutting-edge smart.
The company mentioned that CashKaro's extensive network of retailers provides customers with access to special discounts and exclusive deals.

Headquartered in Delhi, Cellecor Gadgets was incorporated in 2020, The company is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands.

With a market capitalisation of Rs. 608 crores, in three months the shares have delivered around 20 per cent returns to its investors. The revenue of Cellecor zoomed by 118 per cent from Rs. 121 crores during FY21-22 to Rs. 264 crores in FY22-23.

CashKaro, a platform specialising in cashback and discount offers, serves as the link connecting customers to a diverse range of merchants. Supported by the legendary entrepreneur Mr Ratan Tata, CashKaro solidifies its position as a choice for cost-conscious shoppers, merging savings with quality.

On Wednesday, the shares of Cellecor Gadgets ended 0.73% higher at Rs 288.10 apiece.