Full-stack re-commerce company Grest raises 16 Cr led by Equentis Wealth

Full-stack recommerce company Grest has raised Rs 16 crore in a growth funding round led by Equentis Wealth, along with participation from JIIF, The Chennai Angels, India Accelerator, Lead Invest, and 8i Ventures.

The Gurugram-based company had previously mopped up $2.29 million from Equentis Wealth and others.

The fresh funds will be used to scale direct-to-consumer (D2C) operations across online and offline channels, upgrade infrastructure and supply chain capabilities, enhance technology platforms, and strengthen brand awareness, Grest said in a press release.

Co-founded in 2018 by Shrey Sardana and Nitin Goyal, Grest operates a full-stack recommerce model, managing sourcing, renewal, quality assurance, distribution, and after-sales service in-house. The company focuses on premium renewed Apple devices, including iPhones, MacBooks, and iPads, supported by warranties and structured after-sales support.

According to Grest, each device undergoes a more than 50-point quality inspection process. All products are backed by a 12-month promise period, aimed at delivering a consistent and reliable ownership experience. The platform claims to have reduced over 15,500 metric tonnes of CO₂-equivalent emissions by extending device life cycles and preventing electronic waste.

Grest claims to have recorded a nine-fold increase in revenue, growing from Rs 2.9 crore in FY23 to Rs 25.7 crore in FY25, and is targeting Rs 50 crore in revenue in FY26. The company plans to open five company-owned and company-operated (COCO) retail stores by March 2026, while expanding partnerships with large-format retailers (LFRs) and Apple premium resellers.

Grest asserts that it serves over 2 lakh customers and more than 100 enterprises and institutions, operating from its renewal facility in Gurugram.