Wednesday, January 20, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Trouble for world’s cheapest phone makers even before first delivery

Kirti Sharma by Kirti Sharma
July 4, 2016
in Tech news
Reading Time: 2min read
A A
0
Indian startup Ringing Bells to ship $4 smartphone from this week
9
SHARES
132
VIEWS
Share on FacebookShare on Twitter

It was only recently we informed our readers about how the fascinating and much controversial $4 Smartphone from Indian Startup Ringing Bells is going to be out in the market this week. But, now we hear there’s trouble in the Ringing Bells paradise itself and the much-awaited phone will most probably not able to make to its this week’s deadline.

Having opened the pre-booking for Freedom 251 at a super attractive price of Rs. 251, the company received a phenomenal response. But, despite all this the company failed to source the much awaited phones at the promised sale price, thus having to forcefully sell the phones at a huge loss of more than Rs. 900 per phone. This particular fact is in massive contradiction to the company’s earlier claims of making a profit of Rs. 31 per unit.

And, now it seems these money troubles has weakened the ties of the top officials at the management level. Apparently, Ashok Chadha, who has been the face of Ringing Bells since its very inception in February this year, has left the company hanging midway in the lurch.

According to sources, Chadha had a heated session with promoter Mohit Goel over the company’s financial matters after which he decided to call it a day. But, Chadha has a very different story to tell. According to him, he was never an internal part of the Ringing Bells company and was just providing his services as a consultant.

ADVERTISEMENT

The current situation of Ringing Bells is not at all good. According to sources, the company is currently in the midst of a big financial puddle and is desperately on a lookout for investors who will be able to fund the firm’s procurement plans.

Company insiders reveal that procurement cost per unit is around Rs 1200, which means the firm is currently facing a loss of around Rs 950 on each device.

Whether the bells of Ringing Bells phones ring in the future or not, is something we will have to wait and watch.

 

Tags: India StartupRinging BellsSmartphonesStartup News
Share4Tweet2Share1Pin1
Kirti Sharma

Kirti Sharma

A technology and Bollywood junkie, she is always ready with her iPhone to jot down her ideas wherever and whenever she can. Have something to share? Shoot an email to her at skirti100@yahoo.co.in

Related Posts

Shift Your Conferences Into Webinars: The Dawn Of A New Era
Tech news

Boost Business Growth by Using Webinar Platforms

January 19, 2021
Chatbot in WordPress
Tech news

How chatbots use AI to attract more customers?

January 19, 2021
How Do Advancements in Live Streaming Technology Level Up Gaming?
Tech news

How Do Advancements in Live Streaming Technology Level Up Gaming?

January 19, 2021
Second Edition of SAP-CIIE Startup Accelerator Program Announced
Tech news

5 Ways To Grow Your Startup’s Visibility Online

January 18, 2021
Impact of COVID-19 on Startups Funding
Tech news

Post-Pandemic Investment Management: Why turn to AI

January 17, 2021
Get Maximum Benefit from your LinkedIn App using Piwaa
Tech news

Get Maximum Benefit from your LinkedIn App using Piwaa

January 16, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

Shift Your Conferences Into Webinars: The Dawn Of A New Era
Tech news

Boost Business Growth by Using Webinar Platforms

by Sony T
January 19, 2021
Chatbot in WordPress
Tech news

How chatbots use AI to attract more customers?

by Sony T
January 19, 2021
How Do Advancements in Live Streaming Technology Level Up Gaming?
Tech news

How Do Advancements in Live Streaming Technology Level Up Gaming?

by Sony T
January 19, 2021
Top 48 Data Analytics Providers For Private Cloud Service
Cloud Computing

Top 48 Data Analytics Providers For Private Cloud Service

by Srikanth
January 19, 2021
Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures
Startup news

Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures

by Srikanth
January 19, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.