Electronics re-commerce startup Grest raises Rs 16 Cr led by Equentis

Grest, a full stack tech enabled consumer electronics re-commerce player, has secured Rs 16 crore in its latest funding round, with Equentis emerging as the largest contributor by investing Rs 7 crore. The round, which also saw participation from The Chennai Angels, Lead Invest and India Accelerator, comprised a mix of both equity and debt.

The fresh capital will be used to expand its retail presence beyond the current 60 plus stores, upgrade its 20,000 sq. ft. in-house refurbishment lab, strengthen its e-commerce and B2B platforms, and enhance the supply chain, Grest said in a press release.

Co-founded in 2018 by Shrey Sardana and Nitin Goyal, Grest specializes in sourcing, refurbishing, and reselling high quality smartphones, laptops, tablets, and smartwatches through both online and offline channels.

By enabling the reuse of electronics, Grest’s model naturally supports the circular economy by extending product life cycles, reducing e-waste, and promoting resource efficiency, while making premium aspirational devices more affordable and accessible to Indian consumers.

In FY25, Grest claims to have sold more than 15,000 devices across its omni-channel network and recorded nine times revenue growth, rising from Rs 2.9 crore in FY23 to Rs 26 crore in FY25 on a provisional basis. It has also built a strong backend ecosystem, collaborating with more than 100 spare part suppliers, managing over 500 SKUs, and establishing more than 300 redistributor networks across India.

Grest says it has partnered with more than 15 leading suppliers including Flipkart, Croma, Reliance Digital, Sangeetha Mobiles and Apple premium resellers. The company refurbishes devices through more than 50 quality checks and offers them at competitive prices with a six month hassle free warranty.