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Grest, a Gurugram-based full-stack recommerce company focused on premium refurbished Apple devices, has raised Rs16 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 capital 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, as the company looks to capitalise on increasing adoption of renewed premium devices in India.

Founded by Shrey Sardana (Co-founder & CEO) and Nitin Goyal (Co-founder & COO), 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.

Commenting on the investment, Jeenendra Bhandari, representing JIIF, said,“India’s recommerce market is witnessing strong structural tailwinds, driven by rising device prices, increasing awareness of sustainability and growing consumer confidence in renewed products. Grest has demonstrated strong execution, revenue traction and a clear focus on quality and trust. We see significant potential for the company to scale as organised players bring transparency and reliability to the premium recommerce segment.”

Grest has recorded a nine-fold increase in revenue, growing from ?2.9 crore in FY23 to ?25.7 crore in FY25, and is targeting ?50 crore in revenue in FY26. As part of its omni channel expansion strategy, 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.

“At Grest, we are building a scalable reecommerce platform anchored in quality, trust and operational control,” said Nitin Goyal and Shrey Sardana, Co-Founders, Grest. “The support from investors such as JIIF and Equentis Wealth strengthens our ability to expand our retail footprint, optimise supply chains and accelerate brand adoption.”

Grest operates a 20,000 sq. ft. renewal facility in Gurugram, where each device undergoes a 50+ point quality inspection process. All products are backed by upto 12-month promise period, aimed at delivering a consistent and reliable ownership experience.

The company also positions sustainability as a core business driver. Aligned with the United Nations Sustainable Development Goals (SDGs) 12 and 13, Grest claims to have reduced over 15,500 metric tonnes of CO?-equivalent emissions by extending device life cycles and preventing electronic waste.

With increasing participation from organised investor platforms such as JIIF, Grest aims to scale nationally and establish itself as a leading player in India’s premium recommerce ecosystem.

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