Electronics re-commerce startup Grest raises Rs 16 Cr funding from Equentis
Equentis emerged as the largest contributor with an investment of Rs 7 crore, helping Grest, a full stack tech enabled consumer electronics re-commerce player, secure Rs 16 crore in its most recent funding round. The round included a combination of debt and equity, and other investors included The Chennai Angels, Lead Invest, and India Accelerator.
According to a press release from Grest, the new funding will be utilized to improve its supply chain, bolster its e-commerce and business-to-business platforms, upgrade its 20,000 square foot in-house refurbishment lab, and increase its retail presence beyond the current 60+ stores.
Grest, a company co-founded in 2018 by Shrey Sardana and Nitin Goyal, focuses on finding, repairing, and reselling premium smartphones, laptops, tablets, and smartwatches online and offline.
In addition to extending product life cycles, decreasing e-waste, and encouraging resource efficiency, Grest’s model naturally supports the circular economy by facilitating the reuse of electronics and making high-end aspirational devices more accessible and affordable for Indian consumers.
Grest reports that it sold over 15,000 devices through its omni-channel network in FY25 and saw a nine-fold increase in revenue, from Rs 2.9 crore in FY23 to Rs 26 crore in FY25 on a provisional basis. With over 500 SKUs under management, over 300 redistributor networks established throughout India, and partnerships with over 100 spare part suppliers, it has also developed a robust backend ecosystem.
According to Grest, it has partnerships with over 15 top suppliers, such as Apple premium resellers, Flipkart, Croma, Reliance Digital, and Sangeetha Mobiles. The company offers devices at competitive prices with a hassle-free six-month warranty after refurbishing them through more than 50 quality checks.
