About ReFit Global
ReFit Global is a company based in Delhi (India) founded in 2018 by Saket Shiveshwar Saurav and Avneet Singh.. ReFit Global has raised $241.13 thousand across 1 funding round from investors including Anupam Mittal, Vineeta Singh and Amit Jain. ReFit Global offers products and services including Refurbished Smartphones, Apple iPhone Refurbished, and Samsung Galaxy Refurbished. ReFit Global operates in a competitive market with competitors including Cashify, TogoFogo, Reset Systems, SOUM and Think Refurb, among others.
- Headquarter Delhi, India
- Founders Saket Shiveshwar Saurav, Avneet Singh
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Refit Global Pvt. Ltd.
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$22.51 M (USD)86.3as on Mar 31, 2023
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Net Profit
$218.94 K (USD)154.14as on Mar 31, 2023
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EBITDA
$403.87 K (USD)112.62as on Mar 31, 2023
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Total Equity Funding
$241.13 K (USD)
in 1 rounds
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Latest Funding Round
$241.13 K (USD), Angel Round
Feb 21, 2024
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Investors
& 2 more
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Employee Count
Employee Count
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Products & Services of ReFit Global
ReFit Global offers a comprehensive portfolio of products and services, including Refurbished Smartphones, Apple iPhone Refurbished, and Samsung Galaxy Refurbished. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Certified refurbished mobile phones with quality checks and warranties
Refurbished Apple iPhones offering premium features at lower costs
Refurbished Samsung phones with assured performance and warranties
Funding Insights of ReFit Global
ReFit Global has successfully raised a total of $241.13K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $241.13 thousand completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $241,128
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First Round
First Round
(21 Feb 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Angel Round - ReFit Global | Valuation | Anupam Mittal , Vineeta Singh |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ReFit Global
ReFit Global has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Anupam Mittal, Vineeta Singh and Amit Jain. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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AM
Anupam Mittal |
Founder of Shaadi.com, angel investor, Shark Tank India judge
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Founded Year | Domain | Location |
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VS
Vineeta Singh |
Co-founder of SUGAR Cosmetics, angel investor, and Shark Tank India judge
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Founded Year | Domain | Location |
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AJ
Amit Jain |
CEO of CarDekho, prominent angel investor in Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ReFit Global
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ReFit Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Refit Global Comparisons
Competitors of ReFit Global
ReFit Global operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cashify, TogoFogo, Reset Systems, SOUM and Think Refurb, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Refurbished and new gadgets are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for pre-owned and refurbished gadgets.
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| domain | founded_year | HQ Location |
Provides affordable refurbished laptops, desktops, and accessories in Hyderabad.
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| domain | founded_year | HQ Location |
Sells used and new mobile phones, provides repair services in Jaipur.
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| domain | founded_year | HQ Location |
Offers a platform for purchasing refurbished electronic devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Refit Global
Frequently Asked Questions about ReFit Global
When was ReFit Global founded?
ReFit Global was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is ReFit Global located?
ReFit Global is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of ReFit Global?
Saket Shiveshwar Saurav is the current CEO of ReFit Global. They have also founded this company.
Is ReFit Global a funded company?
ReFit Global is a funded company, having raised a total of $241.13K across 1 funding round to date. The company's 1st funding round was a Angel Round of $241.13K, raised on Feb 21, 2024.
What is the annual revenue of ReFit Global?
Annual revenue of ReFit Global is $22.51M as on Mar 31, 2023.
What does ReFit Global do?
ReFit Global was founded in 2018 and is based in Delhi, India. An online platform is operated for refurbished consumer electronics in the e-commerce sector. Products such as smartphones, laptops, computers, Bluetooth speakers, headphones, earphones, smart TVs, gaming consoles, washing machines, refrigerators, and air conditioners are sourced from e-commerce platforms, refurbished, and distributed. Electronic waste is reduced through these sustainable practices.
Who are the top competitors of ReFit Global?
ReFit Global's top competitors include Cashify, TogoFogo and Reset Systems.
What products or services does ReFit Global offer?
ReFit Global offers Refurbished Smartphones, Apple iPhone Refurbished, and Samsung Galaxy Refurbished.
Who are ReFit Global's investors?
ReFit Global has 3 investors. Key investors include Anupam Mittal, Vineeta Singh, and Amit Jain.
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