ReFit Global raises $1M from UAE family office for refurbished electronics
Refurbished electronics startup ReFit Global has raised $1 million in a funding round from a UAE-based family office.
The Delhi-based startup operates across the refurbished electronics market, including refurbishment, distribution and retail. Its pan-India distribution network spans more than 75 distributors, 2,000 wholesalers and 50,000 retail outlets.
The company also operates 12 ReFit Xpress outlets alongside its business-to-business distribution network, with sourcing and sales relationships involving platforms including Flipkart and Amazon.
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ReFit reports a refurbishment yield of 92% and repair capabilities extending up to L4, including chip-level repairs. The company was featured on Shark Tank India Season 3.
The fresh capital will be used to expand its retail footprint, strengthen refurbishment capabilities, invest in technology infrastructure and develop an integrated omnichannel platform.
“This round marks an important milestone for ReFit Global and validates the strength of the ecosystem we have been building,” co-founder Saket Saurav said.
The UAE-based family office is also expected to help ReFit access potential partners, customers and business opportunities in Gulf and African markets.
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