ReFit Global, an up-and-coming player in the Direct-to-Consumer (D2C) refurbished platform arena, has achieved a remarkable feat by securing Rs 2 Crore in funding at an impressive valuation of Rs 200 Crore during its appearance on Shark Tank India Season 3. This funding round witnessed the participation of a consortium of esteemed entrepreneurs, including Anupam Mittal of Shaadi.com, Vineeta Singh of SUGAR Cosmetics, and Amit Jain of CarDekho Group and InsuranceDekho.
Empowered by this fresh infusion of capital, ReFit Global is poised to undergo significant expansion, revamp its technological infrastructure, and broaden its market reach. The company has outlined a strategic plan to capitalize on the investment by driving further innovation in its product offerings and elevating the overall customer experience on its platform, with the overarching goal of cementing its leadership position in the refurbished marketplace. Founded by Saket Saurav and Avneet Singh, ReFit Global has showcased an exceptional growth trajectory, achieving an astounding 100x year-on-year growth and raking in Rs 200 crores in revenue for the fiscal year 2022-2023.
With a robust network comprising over 50,000 retailers and distributors spanning more than 100 cities in India, the company has emerged as one of the largest liquidation partners for major e-commerce platforms. Under the visionary stewardship of its founders, ReFit Global is not content with its current achievements but harbors ambitious aspirations for the future. The company is setting its sights on becoming a Rs 1,000 crore profitable enterprise within the next five years.