Consumer electronics re-commerce startup Grest has raised ₹16 crore in its latest funding round, with Equentis leading the investment at ₹7 crore.
The round also saw participation from The Chennai Angels, Lead Invest, and India Accelerator, and included a mix of equity and debt.
The fresh funds will be used to expand Grest’s retail footprint beyond its current 60+ stores, modernize its 20,000 sq. ft. refurbishment facility, strengthen B2B and e-commerce platforms, and enhance its supply chain network.
Founded in 2018 by Shrey Sardana and Nitin Goyal, Grest refurbishes and resells premium electronics such as smartphones, laptops, tablets, and smartwatches through both online and offline channels.
By extending product lifecycles, the company is contributing to the circular economy, reducing e-waste, and making aspirational technology more accessible and affordable for Indian consumers.
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Grest claims to have achieved 9X revenue growth, scaling from ₹2.9 crore in FY23 to a provisional ₹26 crore in FY25, while selling more than 15,000 devices across its omni-channel network. Its backend is supported by 100+ spare part suppliers, 500+ SKUs, and 300+ redistributors nationwide.
The startup has also built partnerships with Flipkart, Croma, Reliance Digital, Sangeetha Mobiles, and Apple premium resellers. Each refurbished device undergoes 50+ quality checks and comes with a six-month hassle-free warranty.
