ReFit GlobalShark Tank India Season 3

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ReFit Global Shark Tank India Season 3

Pitch no with company details

ReFit Global

based in New Delhi ReFit Global obtains phones through platforms like Flipkart and Amazon that are swapped. The company has sold more than 15 lakh phones thus far, with Flipkart providing 80% of the phones and other e-commerce companies providing the other 20%. Revenue for the startup company increased to Rs 200 crore in FY23.

Founder of ReFit Global

The founder and COO of ReFit Global, Avneet Singh, said The money will be used to push new developments and bring a variety of updated products to market.

ReFit Global Funding Round

Company Name	ReFit Global
Shark Tank India Season	3
Episode No	22
Season No	3
Brand	ReFit Global
Idea	Celebrating the transition from adolescence to womanhood
Original Ask	2 Crore for 0.5% equity
Deal	2 Crores for 1% equity + 1% Royalty until 3 Crores is Recouped
Invested By:	Namita thapar and Vineeta Singh

At the heart of ReFit Global's pitch lay a dedication to pioneering sustainability through recycling and refurbishing. Their concept revolved around offering a holistic solution that encompassed the collection, refurbishment, and redistribution of products, thereby minimizing waste and maximizing resource efficiency. By extending the lifecycle of products and reducing the demand for new materials, ReFit Global aimed to contribute to a more sustainable future for generations to come.

The Pitch:

ReFit Global entered the tank with a visionary idea to revolutionize sustainability practices through recycling and refurbishing. Their pitch highlighted the pressing need for sustainable solutions in the face of environmental challenges. ReFit Global aimed to address these issues by offering a comprehensive recycling and refurbishing service that would extend the lifecycle of products and reduce waste. With a commitment to environmental conservation and innovation, ReFit Global sought to secure the investment needed to scale their operations and make a meaningful impact on sustainability efforts. Their initial ask of 2 crores for a 0.5% equity stake demonstrated their confidence in the value of their brand and its potential for growth.

The Deal:

Impressed by ReFit Global's commitment to sustainability and the potential of their recycling and refurbishing model to make a significant impact on environmental conservation, Amit Jain, Vineeta Singh, and Anupam Mittal saw an opportunity to invest in a venture with significant social and environmental impact. They collectively offered the full amount of 2 crores in exchange for a 1% equity stake, along with a 1% royalty until the initial investment was recouped. This strategic investment not only provided ReFit Global with the capital needed to scale their operations but also brought on board investors who shared their vision for sustainability and innovation.

Investors Behind ReFit Global

Conclusion:

The success of ReFit Global on Shark Tank India Season 3 underscores the importance of innovation and sustainability in addressing pressing environmental challenges. By offering a comprehensive recycling and refurbishing service, ReFit Global is poised to pave the way for a more sustainable future. With the support of Amit Jain, Vineeta Singh, and Anupam Mittal, ReFit Global is well-equipped to scale their operations and lead the charge towards a more environmentally conscious world.

ReFit Global Shark Tank India Season 3

ReFit Global

Founder of ReFit Global

ReFit Global Funding Round

The Pitch:

The Deal:

Investors Behind ReFit Global

Conclusion:

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ReFit GlobalShark Tank India Season 3

ReFit Global Shark Tank India Season 3

ReFit Global

Founder of ReFit Global

ReFit Global Funding Round

The Pitch:

The Deal:

Investors Behind ReFit Global

Conclusion:

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