Gurugram, January 2026 — Full-stack recommerce company Grest has raised ₹16 crore in a growth funding round led by Equentis Wealth, with participation from JIIF, The Chennai Angels, India Accelerator, Lead Invest, and 8i Ventures.
The fresh capital will fuel Grest’s expansion across direct-to-consumer (D2C) channels, strengthen technology and infrastructure, and enhance its brand visibility in India’s rapidly growing recommerce market.
This latest round follows the company’s earlier $2.29 million (₹19 crore) investment led by Equentis Wealth and other investors.
Scaling a Sustainable Full-Stack Recommerce Model
Founded in 2018 by Shrey Sardana and Nitin Goyal, Grest operates a full-stack recommerce platform that specializes in sourcing, renewing, and reselling premium Apple devices — including iPhones, MacBooks, and iPads — with warranty-backed quality assurance.
Unlike traditional refurbished marketplaces, Grest manages the entire recommerce lifecycle in-house — from procurement and inspection to distribution and after-sales support — ensuring greater transparency and consistency in the customer experience.
Each renewed device undergoes a comprehensive 50-point quality inspection process and is supported by a 12-month warranty, providing buyers with the confidence of owning a premium product at an affordable price.
“Our goal is to redefine trust and reliability in the recommerce space by creating renewed products that feel like new, perform like new, and come with the assurance of service and support,” said Shrey Sardana, Co-founder and CEO, Grest.
Driving Circular Economy and Environmental Impact
Grest’s model not only addresses the growing demand for affordable premium gadgets but also contributes significantly to India’s circular economy.
By extending device lifecycles and reducing electronic waste, the company has already helped prevent over 15,500 metric tonnes of CO₂-equivalent emissions, showcasing the environmental benefits of recommerce.
“Every renewed device represents a step towards sustainability — we’re saving resources, reducing waste, and making premium technology more accessible to millions,” added Nitin Goyal, Co-founder and COO, Grest.
Strong Financial Growth and Future Expansion Plans
Grest has demonstrated remarkable financial growth, recording a ninefold increase in revenue — from ₹2.9 crore in FY23 to ₹25.7 crore in FY25. The company aims to achieve ₹50 crore in revenue by FY26, driven by its expanding D2C presence and retail footprint.
As part of its expansion strategy, Grest plans to launch five company-owned and company-operated (COCO) stores by March 2026 and deepen partnerships with large-format retailers (LFRs) and Apple Premium Resellers across major Indian cities.
The company currently serves over 2 lakh customers and 100+ enterprises and institutions, operating from its state-of-the-art renewal facility in Gurugram.
Recommerce Market Outlook
India’s recommerce market, valued at $6 billion in 2025, is expected to grow at a CAGR of 15–18% through 2030, fueled by the rising demand for sustainable and affordable premium devices.
With its integrated model, sustainability-first approach, and focus on customer trust, Grest is positioning itself as a frontrunner in India’s premium recommerce ecosystem, bridging the gap between affordability, reliability, and sustainability.
Conclusion
With this latest funding round, Grest is set to accelerate its mission to make premium technology accessible, affordable, and eco-friendly. As the demand for sustainable tech consumption rises, the company’s full-stack recommerce model could set new benchmarks for quality, trust, and environmental responsibility in India’s pre-owned electronics market.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.