Grest plans 200 refurbished-electronics stores in 3 years as organised players go mainstream
Apple-led refurbisher Grest aims to scale from 6 Delhi-NCR outlets to 20+ this year and 200 in three years. Organised players hold 15-20% of India's $6B used-electronics market—growing 12% annually—and are projected to double share to 30-40% by moving beyond value buyers into Tier-I cities.
India's organised refurbished electronics market is going mainstream, with organised players at 15-20% share expected to double. Grest, led by Apple devices, plans to scale from 6 Delhi-NCR stores to 200 in three years, building supply infrastructure and trust.
Why this matters
Grest's aggressive store rollout follows its move to become the first private firm integrated with the government's IMEI verification platform, signalling a push toward organised, trust-led refurbished retail.
Store-opening signals steady at 1,200 in the last 90 days.