Recommerce Firm Grest Secures INR 16 Cr to Expand D2C Operations

Gurugram-based full-stack recommerce startup Grest has raised INR 16 crore in a growth funding round led by Equentis Wealth, with participation from JIIF, The Chennai Angels, India Accelerator, Lead Invest, and 8i Ventures.

The startup had earlier raised USD 2.29 million from Equentis Wealth and other investors.

The newly raised capital will be deployed to expand its D2C operations across both online and offline channels. It also plans to strengthen infrastructure, improve supply chain capabilities, upgrade its technology platforms, and invest in brand-building initiatives.

Founded in 2018 by Shrey Sardana and Nitin Goyal, Grest operates a full-stack recommerce model that manages sourcing, refurbishment, quality checks, distribution, and after-sales service internally. The startup focuses on renewed premium Apple products such as iPhones, MacBooks, and iPads, offering warranties and structured customer support.

Grest said each device goes through a quality inspection process covering more than 50 parameters and is backed by a 12-month promise period. The startup claims its operations have helped reduce over 15,500 metric tonnes of CO₂-equivalent emissions by extending device life cycles.

The firm reported revenue growth from INR 2.9 crore in FY23 to INR 25.7 crore in FY25 and is targeting INR 50 crore in FY26. It plans to open five company-owned retail stores by March 2026 and expand partnerships with large-format retailers and Apple premium resellers.

Home Improvement Startup Lorazzo Bags INR 5 Cr Seed Funding

Home improvement startup Lorazzo has raised INR 5 crore in a seed funding round led by Sprout Venture Partners and First Cheque by India Quotient.

The round also included participation from Chandigarh Angel Network and a group of angel investors.

The company said the fresh capital will be used to speed up product innovation, strengthen its design and technology capabilities, and expand its omnichannel presence across the country.

Founded in 2024 by Jatin Luthra and Saurabh Gupta, Lorazzo operates in the kitchen and bathroom fittings segment. Its product portfolio includes smart bidets, kitchen faucets, stainless steel and quartz sinks, and modular accessories.

Lorazzo designs its products to suit Indian household conditions, taking into account factors such as fluctuating water pressure and varying total dissolved solids (TDS) levels.

At present, the startup sells through its own website and has a presence on major online marketplaces and quick commerce platforms.

Climate Tech Startup Brisil Technologies Raises INR 3 Cr Pre-Seed Funding

Climate tech startup Brisil Technologies has raised INR 3 crore in a pre-seed funding round led by Momentum Capital, with participation from Fondation Botnar.

The fresh capital will be used to expand production capacity, strengthen its team, and scale operations to meet growing global demand for silica.

Founded in 2016 by Tanmay Pandya, Brisil focuses on developing sustainable alternatives for the silica industry. The startup uses a proprietary zero-waste chemical process to produce silica from rice husk ash, a by-product generated by power plants that process agricultural waste. Rice husk ash is typically discarded, and Brisil aims to repurpose it as a raw material for industrial use.

According to the startup, silica derived from rice husk ash offers a more sustainable option compared to conventional production methods that rely heavily on river sand and quartz and are associated with higher greenhouse gas emissions. Brisil’s process produces highly dispersible and precipitated silica while reducing carbon dioxide emissions relative to traditional manufacturing routes.

The startup said it currently operates a commercial facility with a production capacity of about 400 tonnes per month. It plans to scale this capacity to between 3,000 and 5,000 tonnes per month to address demand from industries such as tyres, footwear, paints, and allied sectors. Brisil reported a monthly demand pipeline of around 6,000 metric tonnes and is looking to expand its international footprint, particularly in South East Asia and Europe.

Brisil claims to serve both domestic and international customers, including established companies in the tyre and footwear segments. Its silica is used in applications such as green tyres, where it helps improve fuel efficiency by reducing friction and wear, and in footwear, where it enhances durability and stiffness.