Indian consumer electronics re-commerce startup Grest has raised € 1.7 million (Rs 16 crore) in a fresh funding round. Equentis contributed the largest share with € 740,000 (Rs 7 crore), while The Chennai Angels, Lead Invest, and India Accelerator also participated. The round included a mix of equity and debt financing. Grest announced that the funds will be used to scale its retail footprint beyond the current 60 stores, upgrade its 20,000 sq. ft. refurbishment lab, strengthen e-commerce and B2B platforms, and enhance its supply chain efficiency.
Focus on refurbishment and resale
Founded in 2018 by Shrey Sardana and Nitin Goyal, Grest sources, refurbishes, and resells smartphones, laptops, tablets, and smartwatches. Its offerings are available both online and offline, making refurbished premium devices more accessible for Indian consumers. By extending the lifecycle of electronics, the company contributes to the circular economy and helps reduce e-waste.
Rapid growth in recent years
In FY25, Grest reported selling more than 15,000 devices through its omni-channel network. The company also recorded a ninefold revenue increase, growing from € 270,000 (Rs 2.9 crore) in FY23 to € 2.4 million (Rs 26 crore) in FY25, on a provisional basis.
Strong partnerships and ecosystem
To support its growth, Grest has partnered with over 100 spare part suppliers and manages more than 500 SKUs. It has also built a redistributor network of more than 300 across India. On the retail side, Grest works with major partners such as Flipkart, Croma, Reliance Digital, Sangeetha Mobiles, and Apple premium resellers.
Commitment to quality and affordability
Devices refurbished by Grest undergo over 50 quality checks before being sold. Customers receive a six-month hassle-free warranty, strengthening trust in refurbished devices. This combination of quality assurance and affordability supports growing consumer acceptance of re-commerce in India.
Market
Trade-in
Repair
Refurbishing
