Gurugram re-commerce startup Grest raises ₹16 crore growth funding…

Team S · 2026-01-23T12:51:04.000Z

Full-stack re-commerce company Grest, headquartered in Gurugram, India, has successfully raised ₹16 crore in a growth funding round led by Equentis Wealth with strong participation from several notable investor groups. The fresh capital will be deployed to scale direct-to-consumer (D2C) operations both online and offline, upgrade infrastructure and supply chain capabilities, enhance technology platforms, and strengthen brand awareness as the company accelerates its market expansion in India’s booming refurbished electronics segment. Grest operates a full-stack recommerce model that manages sourcing, renewal, quality assurance, distribution, and after-sales service in-house, delivering premium renewed devices with structured warranty and support to consumers. In this funding round, Equentis Wealth led the investment with the largest contribution, joined by credible backers including JIIF, The Chennai Angels, India Accelerator, Lead Invest, and 8i Ventures reflecting robust investor confidence in Grest’s growth strategy and recommerce model. The company’s revenue has surged significantly with a nine-fold increase from ₹2.9 crore in FY23 to ₹25.7 crore in FY25, and it is targeting ₹50 crore in revenue in FY26. Grest also plans to expand its retail footprint with additional company-owned stores and deepen partnerships with large format retailers and Apple premium resellers as part of its omni-channel growth strategy.

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Gurugram re-commerce startup Grest raises ₹16 crore growth funding… | Newnex