Grest, a tech-driven re-commerce company specializing in consumer electronics, has raised ₹16 crore in a fresh funding round. Equentis led the round with a ₹7 crore investment, while The Chennai Angels, Lead Invest, and India Accelerator also participated. The mix of equity and debt funding will fuel Grest’s next phase of growth.
The company plans to use the proceeds to expand its retail network beyond its existing 60+ stores, upgrade its 20,000 sq. ft. refurbishment lab, strengthen its e-commerce and B2B platforms, and improve supply chain efficiencies.
Founded in 2018 by Shrey Sardana and Nitin Goyal, Grest focuses on sourcing, refurbishing, and reselling devices like smartphones, laptops, tablets, and smartwatches through both offline and online channels. With over 50 quality checks and a six-month hassle-free warranty, Grest positions itself as a trusted re-commerce player that blends affordability with quality assurance.
The company’s approach also aligns with the circular economy, extending product lifecycles, reducing e-waste, and making premium electronics more accessible to Indian consumers.
In FY25, Grest sold over 15,000 devices, recording a nine-fold revenue jump from ₹2.9 crore in FY23 to ₹26 crore (provisional) in FY25. Its backend network includes 100+ spare part suppliers, 500+ SKUs, and 300+ redistributors across India.
The startup has forged partnerships with Flipkart, Croma, Reliance Digital, Sangeetha Mobiles, and Apple premium resellers, reinforcing its position as a key enabler in the refurbished electronics ecosystem.
By: Arushi Agarwal
