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ReFit Global raises $1 Mn seed from UAE family office to expand refurbished electronics retail, refurbishment and tech
ReFit Global, a Delhi-based refurbished electronics platform, claims a distribution network of over 50,000 retail outlets. It also runs 12 ReFit Xpress outlets, and the seed money will help build an integrated omnichannel platform.
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The numbers
Figures from Entrackr,
| Refurbishment yield: | 92% |
|---|---|
| Organised share of refurbished market: | around 20% |
Why it matters to operators and investors
With only 12 owned outlets but a wide wholesale and distributor network, ReFit is too early and too small for an acquisition case, so corpDev should track it as a partnership or channel option and revisit if a larger round shows the network and yield claims are real.