NEW DELHI: Noida-based startup Ringing Bells, the makers of the world's cheapest smartphone- Freedom 251, is reportedly refunding the payments that it had accepted on the first pre-booking date. The company stated that it had accepted payments from the first 30,000 orders, after which their website had crashed.
According to news channel ABP News, Ringing Bells MD Mohit Goel has claimed that the company has refunded the money of all 30,000 customers and said that the company will accept cash on delivery only.
now that is somewhat to be trusted onto..you give me the delivery on hand and i pay you the money on hand :)
the major flaw of Make in India is it can never compete cost wise with the chinese goods. After all the bribes paid to the babus, the make in India product will cost the heaven.
"Smart" retreat from contractual obligation.
Manufacturing cost over 2000, selling price 251, with profit of 30, is it charity?
New business model .. They have earned name and fame without a single Rupee spent on advt .. When the company goes public people will lap up their shares .. They also want to return the advance so that they will not be under legal scrutiny .. !
Bubble burst. Knew it all along.
They will never deliver the phone.. Government alertness.. prevented the scam..
sounds like a repeat of the world's cheapest laptop scam
Has anyone received this product?
This sounds like a scam to me. Have anyone done a cost analysis on how they can make this phone that cheap???
Sanket M rathod
I did register on the second day But I wasn't asked for payment...
we have presenty no option but to wait n see wht exactly happens.
Can i click selfies on this phone when I am touring abroad? Is the camera good for such selfies?
Haha make in india. Modi's Make in India. Lol . What to say cant stop my laugh.