Ringy has acquired Baltic refurbished electronics retailer UPGREAT in a deal backed by an undisclosed funding round led by Trind VC, creating a larger player focused on expanding the region’s circular electronics market. Financial terms of both the acquisition and investment were not disclosed, but the combined company expects to generate €26 million in revenue in 2026. Founded in 2021, Estonia-based Ringy operates a recommerce platform that sources, evaluates and resells used electronics across nearly 40 markets, while UPGREAT is the Baltics’ largest refurbished electronics retailer with retail stores in Estonia and Latvia and in-house refurbishment capabilities. UPGREAT will continue operating under its existing brand and...
Les hele artikkelen hos kilden.
Kommentarer (0)
Ingen kommentarer ennå. Bli den første til å kommentere!