ReFit Global Raises $1 Million From UAE Family Office to Expand Operations
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Khushi Jain
- October 6, 2026
Refurbished electronics startup ReFit Global has raised $1 million in a funding round from a UAE-based family office as it looks to expand its operations in India and explore business opportunities in the Gulf and Africa.
The Delhi-based startup said the fresh capital will be used to expand its retail footprint, strengthen refurbishment capabilities, invest in technology infrastructure and develop an integrated omnichannel platform.
The UAE-based family office is also expected to help ReFit access potential partners, customers and business opportunities in Gulf and African markets. The funding round was advised by Bestvantage Investments.
“This round marks an important milestone for ReFit Global and validates the strength of the ecosystem we have been building,” co-founder Saket Saurav said.
Expanding Distribution and Retail Network
ReFit Global was started by Saurav and Avneet Singh and operates across the refurbished electronics market, including refurbishment, distribution and retail.
ReFit said its pan-India distribution network spans more than 75 distributors, 2,000 wholesalers and 50,000 retail outlets. The startup also operates 12 ReFit Xpress outlets alongside its business-to-business distribution network.
The company works across online marketplaces and offline retail channels, with sourcing and sales relationships involving platforms including Flipkart and Amazon.
ReFit Global was also featured on Shark Tank India Season 3, which it said helped increase consumer awareness of the business.
The startup reports a refurbishment yield of 92% and repair capabilities extending up to L4, including chip-level repairs.
Its refurbishment processes cover device diagnostics, automated quality checks, grading, post-quality-control procedures and inventory management.
ReFit plans to use part of the new funding to further strengthen its refurbishment capabilities and technology infrastructure as it expands its operations in India and explores opportunities in the Gulf and Africa.
FAQs
1. How much funding has ReFit Global raised?
ReFit Global has raised $1 million from a UAE-based family office.
2. How will ReFit Global use the new funding?
The funding will be used to expand its retail footprint, strengthen refurbishment capabilities, invest in technology infrastructure and develop an integrated omnichannel platform.
3. What is the size of ReFit Global’s distribution network?
ReFit said its pan-India distribution network includes more than 75 distributors, 2,000 wholesalers and 50,000 retail outlets.
4. How many ReFit Xpress outlets does the startup operate?
ReFit Global operates 12 ReFit Xpress outlets.
5. What refurbishment yield does ReFit Global report?
ReFit Global reports a refurbishment yield of 92% and repair capabilities extending up to L4, including chip-level repairs.
