Grest (Radical Aftermarket Services), a tech-enabled consumer electronics re-commerce company, has raised ₹16 crore in its latest funding round. Equentis contributed ₹7 crore as the largest investor, with participation from The Chennai Angels, Lead Invest, and India Accelerator. The round included both equity and debt.
The funds raised will be used to expand its retail presence beyond its current 60+ stores, upgrade its 20,000 sq. ft. in-house refurbishment lab, strengthen its e-commerce & B2B platforms and enhance the supply chain to meet rising consumer demand for high-quality, affordable and reliable electronics.
This funding round follows Grest’s earlier raises of ₹2.6 crore from HNIs and angel investors.
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.
Partnering with 15+ leading suppliers, including Flipkart, Croma, Reliance Digital, Sangeetha Mobiles and Apple premium resellers, the company refurbishes devices using 50+ quality checks and offers them at competitive prices with a 6-month hassle-free warranty.
In FY25, Grest sold over 15,000 devices across its omni-channel network and recorded 9x revenue growth—from ₹2.9 crore in FY23 to ₹26 crore in FY25 (on a provisional basis). It has also built a strong backend ecosystem, collaborating with 100+ spare part suppliers, managing 500+ SKUs, and establishing a 300+ redistributor network across India.
Grest aims to double its store count, enhance refurbishment capacity, and deepen penetration in Tier 2 and Tier 3 markets.
Nitin Goyal and Shrey Sardana, Co-Founders of Grest, said, “Equentis’ lead investment of ₹7 crore signals deep confidence in our business model and the growth potential of India’s re-commerce sector. With the combined support of The Chennai Angels, Lead Invest and India Accelerator, we are poised to rapidly scale operations and bring premium, affordable and reliable electronics to millions more consumers.”
Manish Goel, Founder of Equentis Wealth, said, ”We believe the recommerce sector is entering a high-growth phase driven by consumer affordability needs and sustainability awareness. Grest’s strong operational backbone, omni-channel reach, and in-house refurbishment combined with Nitin and Shrey’s deep domain expertise, built over decades in telecom, technology, and global recommerce operations, gives them a unique edge to scale this business efficiently and sustainably.”
