REMEX Liquidation, the company runs the returns and overstock management service announced on the 9th that it has successfully raised Series A funding from Bon Angels Venture Partners, Mashup Ventures, Strong Ventures, and Cadron Capital.
REMEX Liquidation has developed an innovative eCommerce overstock liquidation solution, which addresses the challenges of returns and excess inventory faced by global eCommerce sellers. As the official service partner with Amazon managing Amazon returns, REMEX Liquidation enables seamless integration with Amazon accounts, simplifying returns and facilitating the efficient liquidation of unsellable inventory.
According to GDIN, e-commerce returns and overstock are expected to reach $31.691 billion by 2025. REMEX focuses on overstock that remains in warehouses for extended periods. Sellers often struggle with limited warehouse space and the resources required to manage overstock. REMEX addresses these challenges through its specialized Overstock Network, quickly picking up overstock and transforming it into sellable liquidation loads with an efficient sorting system. Items that cannot be sold are donated, supporting efforts to create a more sustainable society.
In 2023, REMEX Liquidation focused on expanding into the U.S. market, and by 2024, it extended operations to California, achieving a remarkable 123times increase in annual revenue compared to the previous year. Additionally, the company expanded into Central and South American markets, including Costa Rica, Panama, and Guatemala, further proving its global scalability in the overstock liquidation business. REMEX has gained strong approval for its ability to reduce costs and optimize inventory management for eCommerce sellers while offering a sustainable reverse logistics solution.
Looking ahead, REMEX Liquidation plans to focus on exploring new international markets in 2025, bolstered by its enhanced online store operations. By integrating online and offline channels, REMEX Liquidation aims to efficiently manage overstock, reinforce its market presence, and streamline the process of turning unsellable inventory into valuable resources.
This strategic expansion underlines REMEX's commitment to delivering effective reverse logistics solutions and strengthening its position as a global leader in sustainable inventory management.
