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Tag: CarDekho Group

  • ReFit Global raises Rs two crore funding at Rs 200 crore valuation on Shark Tank Season 3

    ReFit Global raises Rs two crore funding at Rs 200 crore valuation on Shark Tank Season 3

    Mumbai: ReFit Global, a rapidly growing Direct-to-Consumer (D2C) Refurbished marketplace, has successfully secured Rs two crore funding at Rs 200 crore valuation from leading entrepreneurs and investors during their appearance on Shark Tank India Season 3. The investment round was spearheaded by Shaadi.com – People Group CEO Anupam Mittal, SUGAR Cosmetics CEO & co-founder Vineeta Singh, CarDekho Group and InsuranceDekho co-founder & CEO Amit Jain. This strategic investment marks a significant leap forward in ReFit Global’s expansion journey.

    The acquired funds will be used to scale operations, broaden market outreach, and fortify the company’s technological infrastructure. Additionally, ReFit Global aims to enhance its web presence and overall customer experience, reinforcing its position as a leader in the refurbished marketplace.

    One of the largest liquidation partners of major online platforms and collaborator with major e-commerce platforms and smartphone brands, the bootstrapped company achieved 100x YoY growth, securing Rs 200 crores in FY 2022-2023.

    Speaking about the fundraising, ReFit Global CEO & co-founder Saket Saurav stated, “We’re truly excited to be sharing such a prestigious entrepreneurial platform with seasoned business leaders and visionaries. Recognizing the unique strengths each shark brings, our efforts has always been on expertise rather than just financial valuation. Our primary focus was to create a dynamic alliance with a diverse group of accomplished sharks, each contributing their distinctive insights and expertise. With this opportunity, we are aiming to bring in a clearer vision and market positioning for ReFit”.

    ReFit Global founder & CEO Avneet Singh stated, “We are pleased to have received funding from Shark Tank India, which validates our commitment to transforming the refurbished smartphone industry through innovation and research. The investment will be deployed to drive further advancements and introduce a diverse range of refreshed products to the market.”

    Beyond being a successful startup with a network of over 50,000 retailers across 100 odd cities, ReFit Global distinguishes itself as an environmental steward within the re-commerce industry. The company’s commitment to sustainability and reducing e-waste positions it as an eco-conscious player. Apart from financial success, ReFit Global actively contributes to positive environmental impact through excellent service, diverse sourcing methods, and a solid warranty promise. With these strengths, the company is driven to achieve its target of becoming a Rs 1,000 crore profitable enterprise within the next few years.

     

  • Mayank Jain joins CarDekho Group as CEO – new auto business

    Mayank Jain joins CarDekho Group as CEO – new auto business

    MUMBAI: Auto-tech company CarDekho has further fortified its leadership team by appointing Mayank Jain as CEO of its new auto business. He will be responsible for strengthening the organisation’s new auto offering, and deepening engagement with OEMs, dealer network and other enterprise partners. He will operate out of the company’s Gurugram office and report to CarDekho CEO & co-founder Amit Jain.

    Mayank brings in rich experience of over 18 years working in technology, media and telecom sectors in India and Internationally. Prior to this, he was the CEO of the Hindi news cluster at Network18, where he managed a cluster of seven news channels. He has held leadership roles in sales, marketing, product management and strategy in companies such as Disney Star, British Telecom, Samsung, and HT Media.

    CarDekho Group CEO & co-founder Amit Jain said, “I am delighted to welcome Mayank Jain to the CarDekho family. Mayank is a highly reputed professional in the media world and has an impressive track record of scaling businesses across varied industries. His deep customer understanding, and expertise will enable us to design and provide the best auto-tech solutions to our partner customers.”

    Mayank Jain said, “I am delighted to join the CarDekho group and have the opportunity to work with one of the best teams in the auto-tech space. Our market leading portfolio of auto portals & platforms help customers buy cars, bikes, commercial vehicles and other products and services, whilst our suite of innovative solutions & technology enables auto manufacturers and dealers to build their brands and sell more.”

    Over the years, Mayank has made an enormous contribution across different industries. In the year 2019, he received the IMPACT 40 under 40 award for achievement in Media, Marketing and Advertising industry. He is a Computer Engineer and an MBA from INSEAD, and also holds a Post Graduate Diploma in Management from MDI Gurgaon.