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Refit

Refurbished Phones

Deal

The pitch

Season / Episode: S3 E22
Aired: 20 Feb 2024
Industry: Electronics
From: Delhi, Delhi
Founded: 2017
Asked for: ₹2 Cr for 0.5%
Valuation asked: ₹400 Cr

The outcome

Deal: ₹2 Cr for 1%
Deal valuation: ₹200 Cr
Royalty: 1%
Yearly revenue: ₹187 Cr
Monthly sales: ₹35 Cr
Gross margin: 14%

Who invested

Vineeta₹66.66 L for 0.33%
Anupam₹66.66 L for 0.33%
Amit₹66.66 L for 0.33%

Founders

Saket Saurav — Co-founder source
Avneet Singh — Co-founder source

Researched from public sources · checked 20 Aug 2026

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