ReFit Global | $1M (Seed)

Founders: Saket Saurav, Avneet Singh

Founded: 2018

HQ: Delhi

Sector: Refurbished Electronics / Omnichannel Retail

What they do

→ Operates across refurbished electronics, distribution, retail and consumer channels

→ Runs a pan-India network of 75+ distributors, 2,000+ wholesalers and 50,000+ retail outlets, plus 12 ReFit Xpress outlets

→ Works across online marketplaces, offline retail and brand partnerships, including Flipkart and Amazon

→ Reports a 92% refurbishment yield with repair capabilities up to L4, including chip-level repairs

The Funding

→ Raised $1 million in seed funding

→ Backed by a UAE-based family office

→ Capital earmarked for retail expansion, refurbishment capabilities, tech infrastructure and an integrated omnichannel platform

→ Funding will also support entry into Gulf and African markets, with the family office aiding partner and customer access there

Why it matters

→ Featured on Shark Tank India Season 3, which the company says boosted consumer awareness

→ Already has deep India distribution reach across metros, Tier 1, 2 and 3 cities

→ Plans to scale both B2B and D2C initiatives across the refurbished electronics value chain

→ Signals growing investor interest in sustainable, circular-economy electronics businesses

Can refurbished electronics shake off the "second-hand" stigma in India, or does distribution reach matter more than brand perception here?