Iretron
| Company type | Private |
|---|---|
| Industry | Recommerce, Electronics recycling |
| Founded | November 2011 |
| Founder | Jason Li |
| Fate | Discontinued operations |
| Headquarters | Los Gatos , United States |
Area served | United States |
Key people | Jason Li (Founder) |
| Products | Electronics trade-in, refurbishment, resale |
| Website | iretron |
iReTron operated as a recommerce and recycling enterprise headquartered in Los Gatos, California. The company offered consumers the opportunity to trade in used electronics—such as cellphones, iPhones, iPods, mp3 players, tablets, iPads, e-readers, and calculators—at no cost.
Business model
Customers provided details about their device models and conditions via an online platform to obtain monetary offers, which they could either accept or reject. Additionally, iReTron engaged in refurbishing and reselling pre-owned electronics, including complimentary shipping as part of its services.
In media
Established in November 2011 by then high school student Jason Li, iReTron was inspired by his experience fixing a damaged iPod Touch. Li initiated the business with a $2,000 loan from his father and grew it through a website and local marketing efforts.
In 2014, iReTron was featured during the 6th season of Shark Tank, where Li negotiated a $100,000 investment deal for 20% ownership with Mark Cuban and Barbara Corcoran. Despite this agreement, the transaction was never completed. The company has since discontinued its operations.