The India Decade

The India Decade e-paper, Wednesday, 7 October 2026

The India Decade
Wednesday, 7 October 2026Morning editionNews from 5 am Tuesday 6 October to 5 am Wednesday 7 October

ReFit Global raises $1m from UAE family office to expand refurbished electronics business

The Delhi-based startup plans to use the capital to upgrade its repair tech and expand into the Gulf.

rows of modern smartphones in a tech repair lab (file image)

Delhi-based refurbished electronics startup ReFit Global has secured $1 million in fresh funding from a UAE-based family office. The investment is aimed at scaling the company's retail footprint in India while laying the groundwork for an expansion into the Middle East and Africa.

The capital injection will be used to grow ReFit's physical distribution network, invest in its proprietary technology, and develop an integrated omnichannel platform that links its online and offline sales. Crucially, the unnamed UAE family office is expected to do more than just write a cheque; the investor will help ReFit navigate entry into the Gulf and African markets by connecting the startup with local partners and distribution channels.

Expanding beyond India

Founded by Saket Saurav and Avneet Singh, ReFit operates across the entire refurbished electronics value chain, handling sourcing, repair, and distribution. The startup has built a vast B2B network in India, supplying devices to more than 75 distributors, 2,000 wholesalers, and 50,000 retail outlets across the country.

Alongside this wholesale model, ReFit is building a direct-to-consumer presence through its "ReFit Xpress" franchise stores, of which it currently operates 12. It also works closely with India's largest e-commerce platforms, sourcing used devices and selling refurbished ones through Amazon and Flipkart.

"This round marks an important milestone for ReFit Global and validates the strength of the ecosystem we have been building," Saurav said in a statement. The funding round was advised by Bestvantage Investments.

High-tech refurbishment

A significant portion of the capital will go toward upgrading ReFit's technical infrastructure. The startup relies heavily on automated diagnostics and quality checks to standardise the condition of used electronics, a sector that historically suffered from a lack of trust and quality control.

ReFit claims a refurbishment yield of 92%—meaning nearly all devices it sources are successfully restored to working order—and has the technical capacity for "Level 4" repairs, which involve complex, chip-level engineering.

The startup’s profile received a significant boost earlier this year when the founders pitched on Shark Tank India Season 3, an appearance they say helped build credibility and trust with everyday consumers who might otherwise be sceptical of buying second-hand electronics. With the new funding, ReFit hopes to capitalise on that momentum, building a more robust tech-driven operation as it prepares to take its business model outside India.

observatory telescope against night sky (file image)

White dwarf HS 0209+0832 hosts planet candidate formed from dead star's ashes

Astronomers have found evidence of a rare second-generation planet candidate orbiting a white dwarf star, apparently assembled from the debris cast off during the star's own death.

The world circles HS 0209+0832, a dense stellar remnant left behind when an ordinary star exhausted its nuclear fuel. While astronomers have previously suspected that second-generation planets could form around pulsars, this discovery marks the first time such an object has been identified around a white dwarf, a far more common end-state for stars like our sun.

The findings, published in Nature Astronomy, were led by researchers at the University of Warwick alongside colleagues at the University of Wisconsin-Madison.

Scientist-artists take a humor break while making interactive medical exhibits

Rockstar shuts down AI-built GTA 5 browser port after it went viral

An AI‑assisted, 700 MB WebAssembly build of Grand Theft Auto V was briefly playable online before Take‑Two Interactive ordered the site removed.

In brief

TSMC stock hits record high after Elon Musk confirms Texas Terafab talks

Shares in the Taiwanese chipmaker jumped to an all-time high after Elon Musk confirmed discussions about building chips for Tesla, SpaceX and xAI.

ElevenLabs partners with Karnataka government to expand voice AI in Kannada

The deal targets public services, grievance redressal, and voice restoration for people with medical speech loss.

CreditNirvana launches India's first integrated AI suite for voice co-browsing and debt collection

The ORCA and CognifAI Assist tools aim to cut lending operational costs by 40 per cent without requiring core software upgrades.

A470 crash in Powys leaves driver and dog dead after cars catch fire

An Audi A5 struck an unoccupied parked car between Llyswen and Llansteffan, setting both ablaze on Saturday evening.