Refurbished electronics go mainstream as Grest, organised retailers court premium buyers
India's $6 billion refurbished electronics market, 85% unorganised, is professionalising as organised players expand with warranties and certified devices. Grest plans to scale from 6 to 200 stores in three years. Apple leads used-smartphone demand; supply remains the key scaling constraint.
India's refurbished electronics market goes mainstream as organised players like Grest expand, targeting premium buyers with warranties and certified devices. Grest plans 200 stores in three years; Apple leads used-smartphone demand while supply remains the key scaling challenge.
Why this matters
Grest is pushing organised refurbished retail mainstream, backing its 200-store expansion plan and becoming the first private firm to integrate with the government's IMEI verification platform.
Retail-company signals are accelerating, up 855,400% QoQ.