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Funding · Commerce & Consumer Brands

Grest raises Rs 16 Cr for recommerce expansion

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Date
Company
Grest
What it does
Premium renewed Apple devices seller
Kind
Funding
Amount
Rs 16 Cr
Stage
growth
Based in
Gurugram
Founded
2018
Sector
Commerce & Consumer Brands

What they do

Grest sells refurbished iPhones and MacBooks with quality checks

What happened

The company raised Rs 16 Cr led by Equentis Wealth

Why it matters

Revenue grew nine-fold to Rs 25.7 Cr in FY25

The details

  • Grest secured Rs 16 Cr in growth funding from investors.
  • Equentis Wealth led the investment round for the startup.
  • Other participants included JIIF, The Chennai Angels, and 8i Ventures.
  • This follows a previous raise of $2.29 million by Equentis.
  • The funds will scale online and offline operations significantly.
  • Grest plans to upgrade its supply chain and technology platforms.
  • Retail expansion includes opening five COCO stores by March 2026.

The bigger picture

  • Revenue jumped nine-fold from Rs 2.9 Cr in FY23.
  • Current revenue stands at Rs 25.7 Cr for FY25.
  • The company targets Rs 50 Cr revenue for FY26.
  • Grest has served over two lakh customers so far.
  • Over 100 enterprise clients use Grest's renewal services.

About the business

  • Grest operates a full-stack recommerce model for electronics.
  • The company sources, renews, and distributes premium Apple devices.
  • In-house quality assurance involves a strict fifty-point inspection.
  • Products include refurbished iPhones, MacBooks, and iPads.
  • A twelve-month warranty covers all sold electronic devices.
  • The Gurugram facility handles renewal and operational logistics.
  • Partnerships are expanding with large-format retailers and resellers.
  • Enterprise clients receive bulk device renewal and distribution.
  • The business reduces carbon emissions through device reuse practices.

What happens next

  • Open five COCO retail stores by March 2026.
  • Expand partnerships with large-format retailers and Apple resellers.

The deal

Type
growth funding

Investors

Founders

  • Shrey Sardana, co-founder
  • Nitin Goyal, co-founder

About Grest

Product
Full-stack electronics re-commerce platform for refurbished devices.
Customers
Consumers and businesses buying renewed electronics.
How it makes money
Buys, refurbishes, and resells electronics through online and offline channels.
What sets it apart
Controls sourcing, refurbishment, quality checks, distribution, and after-sales service in-house.
Operations
Operates a refurbishment lab and retail footprint for smartphones, laptops, tablets, and smartwatches.

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