Cashify net worth

Online marketplace offering pre-used gadgets and accessories. Most viewed in

Cashify formerly known as ReGlobe is a recommerce company with headquarters in Gurgaon , India. It was founded in It operates as an online marketplace where users can sell their used electronic gadgets like mobile phones, tablets, smartwatches, laptops and video game consoles to professional buyers. It also deals in refurbished devices. In October , the company partnered with Snapdeal to buy back mobiles, tablets and laptops. In July , the company launched its first offline store in Faridabad , Haryana. In June , it raised donations to provide free refurbished mobile phones to non-profit organisations to support children dealing with the online shift of classes through its Donate for Education campaign.

Cashify net worth

Re-commerce marketplace Cashify continues to miss its target of turning profitable. This would be the second instance of the company missing its target of turning profitable. It had first targeted to post a profit by mid-FY22 and then by FY He added that the company may choose to invest in opportunities that come along and make a good case for investment. Cashify continues to struggle with increasing costs, particularly employee-related expenses, cost of buying used electronics and other expenses such as logistics , tech infrastructure and advertising costs. In FY23, for instance, its employee benefit expenses rose to Similarly, its cost of buying used electronics for resale rose to crore in FY23 from Last year, the company announced plans to expand to over cities in India and increase its store count to This is in contrast to the new smartphone sales data, which indicates prolonged downturn with slow recovery. Download the Financial Express App for the latest finance news. Must Read. IndiGo Co-founder Rakesh Gangwal sells 5.

Talk Back. Cashify has a C2B business model.

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Such launches of the latest gadgets that are blazing-fast and involve the most desirable of features always replace all the other previous models and come out imposingly strong! The above example of the launch of the latest iPhone 11 will certainly make the iPhone lovers run here and there from shop to shop just to buy the latest model. They won't ever think about what to do with the iPhone X that is lying back in their homes. It might be any other model or gadgets as well, of any other companies.

Paramark Ventures and existing backers including Bessemer Venture Partners, Blume Ventures and Olympus Capital also participated in the new round, which included some secondary transactions. IndigoEdge served as the financial advisor for this deal. Cashify operates an eponymous platform — both online and physical stores and kiosks — for users to sell and buy used smartphones, tablets, laptops and other gadgets. Additionally, Cashify also works with all top smartphone makers including Apple, Samsung, Xiaomi and Samsung to power their refurbishing programs. The startup repairs and refurbishes those devices, giving them new lives without which they may have likely ended up in the garbage bin, explained Mandeep Manocha, founder and chief executive of Cashify, in an interview with TechCrunch. A significant number of smartphones sold in the country — and beyond — get returned to the e-commerce or retail outlets. Many of these firms work with Cashify as well, said Manocha. But selling old smartphones requires establishing a high trust factor with consumers.

Cashify net worth

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Such launches of the latest gadgets that are blazing-fast and involve the most desirable of features always replace all the other previous models and come out imposingly strong! The above example of the launch of the latest iPhone 11 will certainly make the iPhone lovers run here and there from shop to shop just to buy the latest model. They won't ever think about what to do with the iPhone X that is lying back in their homes. It might be any other model or gadgets as well, of any other companies. Here, Cashify can rightly be the solution. Cashify is a platform that helps you to sell your electronic gadgets like phones, tablets and laptops. The price will depend on the present condition of the gadget. With Cashify, the customers will definitely have wonderful experiences.

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Cashify gross revenue nears Rs Cr in FY22, losses spike 2. Toggle limited content width. Looking to raise funds? He loves to play with numbers, chase data driven stories and coin new terms. It's an online marketplace for electronic gadgets like mobiles, laptops, tablets, TV sets, gaming consoles, etc. NDTV Gadgets However, he didn't manage to find it easy to do that. The major portion of Cashify's revenues come from the smartphones category, while it gains the remaining portion of its revenues from laptops. Currently based in Gurugram, he can be reached at [email protected]. Additionally, the buyback is guaranteed. Navbharat Times in Hindi.

Cashify formerly known as ReGlobe is a recommerce company with headquarters in Gurgaon , India. It was founded in

Lok Sabha Elections However, their operations also raise questions about their social and environmental impact. The company dealt with e-waste management. Claim this profile. Expect a turnaround on the margins front at least in FY Amit Sethi , Co-Founder, is a founder of 1 company and on the board of 1 company. The upgrade program is intended for both current Vivo users and those who are considering purchasing a new Vivo smartphone. In July , the company launched its first offline store in Faridabad , Haryana. Where is Cashify located? Disclaimer: Bareback Media has recently raised funding from a group of investors. Get your free copy of Cashify's company profile. Cashify is a platform that helps you to sell your electronic gadgets like phones, tablets and laptops.