ReFit Global raises Rs 2 crore from Shark Vineeta Singh, Anupam Mittal, Amit Jain

ReFit Global, a burgeoning Direct-to-Consumer (D2C) refurbished platform, has successfully raised Rs 2 Crore in funding at a remarkable valuation of Rs 200 Crore during its appearance on Shark Tank India Season 3. 

The funding round saw participation from a consortium of high-profile entrepreneurs including Anupam Mittal of Shaadi.com, Vineeta Singh of SUGAR Cosmetics, and Amit Jain of CarDekho Group and InsuranceDekho.

Strategic expansion plans unveiled

With the fresh infusion of capital, ReFit Global is poised to significantly scale its operations, enhance its technological backbone, and broaden its market outreach.

The company has articulated a clear strategy to leverage the investment for driving further advancements in its product offerings and improving the overall customer experience on its platform. 

The strategic move is aimed at solidifying ReFit Global's position as a leader in the refurbished marketplace.

Impressive growth trajectory

Founded by Saket Saurav and Avneet Singh, ReFit Global has demonstrated an exceptional growth story, achieving a 100x year-on-year growth and securing Rs 200 crores in revenue for the fiscal year 2022-2023.

The company boasts a robust network of over 50,000 retailers and distributors across more than 100 cities in India, making it one of the largest liquidation partners for major e-commerce platforms.

Vision for the future

Under the leadership of its founders, ReFit Global is not just resting on its laurels but is aiming high with aspirations to become a Rs 1,000 crore profitable firm within the next five years.