ReFit Global raises Rs 2 crore at Rs 200 crore valuation
- ByStartupStory | February 21, 2024
ReFit Global, a direct-to-consumer refurbished platform, secured Rs 2 crore funding at a valuation of Rs 200 crore during its appearance on Shark Tank India Season 3. Anupam Mittal, Vineeta Singh, and Amit Jain spearheaded the investment round.
“The investment will be utilized to scale operations, broaden market outreach, and fortify our technological infrastructure,” stated Saket Saurav, founder and CEO of ReFit Global.
The company aims to enhance its web presence and customer experience to reinforce its position as a leader in the refurbished marketplace. ReFit Global, a bootstrapped company, achieved 100x year-over-year growth, generating Rs 200 crore revenue in FY 2022-2023.
“Our primary focus was to create a dynamic alliance with accomplished sharks, each contributing distinctive insights and expertise,” remarked Saket Saurav.
Avneet Singh, founder and COO of ReFit Global, emphasized, “The investment will drive further advancements and introduce a diverse range of refreshed products to the market.”
ReFit Global boasts over 50,000 nationwide retailers and distributors across 100+ cities, with major e-commerce players as its largest liquidation partners.