ReFit Global has successfully raised Rs 2 crore from Shark Tank judges, including Anupam Mittal, Vineeta Singh, and Amit Jain

ReFit Global, a leading direct-to-consumer (D2C) refurbished marketplace, has successfully raised Rs 2 crore at a valuation of Rs 200 crore from esteemed Shark Tank judges, including Anupam Mittal, Vineeta Singh, and Amit Jain.

The company will strategically infuse capital to accelerate operational expansion, widen market reach, and strengthen the company’s technological infrastructure. Additionally, ReFit Global aims to elevate its online presence and enhance overall customer experience to solidify its market position further.

Co-founded by Saket Saurav and Avneet Singh, ReFit Global boasts a robust network comprising over 50,000 retailers spanning nearly 100 cities. The startup is steadfast in its mission to achieve a milestone of becoming a Rs 1,000 crore profitable entity within the next five years.

Saket Saurav, the founder and CEO of ReFit Global, emphasized the strategic significance of establishing a dynamic alliance with a diverse group of accomplished sharks, each bringing unique insights and expertise. He enthusiastically leveraged this opportunity to refine ReFit’s vision and strengthen its market positioning.

As a bootstrapped firm, ReFit Global prides itself on its remarkable growth trajectory, achieving an impressive 100x year-on-year growth and securing Rs 200 crore in FY23.

The successful investment in Shark Tank Season 3 marks a significant milestone for ReFit Global, positioning the company for continued growth and success in the dynamic refurbished marketplace.