PhoneShop

PhoneShop is a company dedicated to the sale and leasing of premium domain names, offering a seamless purchasing experience for clients looking to strengthen their online presence. Founded in 2020 and headquartered in New Delhi, India, PhoneShop specializes in premium domain name transactions. The company was rebranded following its acquisition by Manak Waste Management Pvt Ltd. in July 2021, aiming to diversify its e-commerce offerings.

The founder and CEO is Hitashi Garg, who leads the company in its strategic direction and growth initiatives. PhoneShop, through its platform Unishop. app, focuses on the sale and leasing of premium verified domain names, including its flagship offering at a fixed price of USD 4,199. The service is designed for both businesses and individuals who want to establish a digital footprint, providing a transparent purchasing process and facilitating local currency transactions.

PhoneShop ensures secure payments and efficient transaction support to enhance the customer experience. In the most recent financial year, 2022, PhoneShop reported a revenue of USD 57,828. 20 and an EBITDA of USD -4,090. 10, indicating the current financial performance of the company based on its direct sales model.

Looking ahead, PhoneShop plans to expand its product offerings and geographic reach. The company aims to introduce new premium domain names and enhance its platform capabilities to better serve customers in emerging markets by the end of 2023. The acquisition in July 2021 is expected to leverage resources for expanding into new regions, particularly targeting mobile retailers seeking an online presence through the PhoneShop platform.