What is Cashify?
Headquartered in New Delhi, Cashify operates as a sophisticated e-commerce platform dedicated to the resale and refurbishment of used electronic gadgets. The company provides a comprehensive ecosystem that includes device valuation, doorstep pickup, and professional repair services, effectively bridging the gap between consumers looking to upgrade and those seeking affordable, certified pre-owned technology. By integrating logistics with a robust digital marketplace, Cashify addresses the inefficiencies inherent in the secondary electronics market, positioning itself as a critical intermediary in the consumer tech supply chain.
How much funding has Cashify raised?
Cashify has raised a total of $105M across 2 funding rounds:
Other Financing Round
$15M
Series E
$90M
Other Financing Round (2021): $15M with participation from Olympus Capital Holdings Asia
Series E (2022): $90M led by Paramark Ventures, NewQuest Capital, Prosus, Blume Ventures, and Bessemer Venture Partners
Key Investors in Cashify
NewQuest Capital
NewQuest is a leading private equity platform focused on the Asia-Pacific region, specializing in providing alternative liquidity solutions and secondary market transactions for private equity assets.
Prosus
Prosus is a global consumer internet group and one of the world's largest technology investors, focusing on high-growth sectors including online classifieds, fintech, and logistics.
Blume Ventures
Blume Ventures is an India-focused investment firm that supports founders from the seed stage through to scale-up, providing hands-on guidance for technology-led businesses.
What's next for Cashify?
With the latest capital infusion, Cashify is well-positioned to accelerate its operational expansion and deepen its technological capabilities. The strategic focus will likely shift toward enhancing its proprietary diagnostic tools, scaling its physical service center network, and strengthening its logistics infrastructure to handle increased transaction volumes. As the demand for sustainable consumption grows, the company is poised to leverage its market-leading position to capture a larger share of the electronics re-commerce sector, potentially exploring new categories or geographic markets to sustain its long-term growth trajectory.
See full Cashify company page
