Cashify net worth

Sales of used mobile phones and other electronic gadgets like speakers, laptops, tablets, gaming consoles, and smartwatches formed Rest of the operating revenue came from ancillary services such as cashify net worth recycling, refurbishing, and repairing which surged The company currently has stores with plans to expand that number to by March. When it comes to expenses, cashify net worth, the cost of material consumed accounted for

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

Cashify net worth

Online marketplace offering pre-used gadgets and accessories. Most viewed in You are being shown a subset of the data for this profile. Copy Url. Cashify company profile soonicorn. Last updated: March 10, Claim Profile Suggest Edits Request page removal. Cashify Key Metrics Founded Year Location Gurgaon, India. Company Stage Series E. Employee Count 1, as on Nov 30, View historical trend.

Please introduce links to this page from related articles ; try the Find link tool for suggestions. How many employees does Cashify have? Filling a vital need in a large market like India, cashify net worth, one feels the firm has missed a trick by not stressing on its reuse and recycle theme as a sustainability focused firm.

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.

Cashify board has approved the allotment of 15, preference shares for an issue price of Rs , Cashify lets customers sell and buy old electronic gadgets mostly mobile phones and laptops. Apart from buying directly from users, the company works with several offline and online channels and OEMs such as Xiaomi, OnePlus and Samsung for their exchange programs. According to its website, it has an offline presence with service locations and 40 offline stores. The company competes with Greendust and Yaantra among several others. Following the new round, Olympus holds For the fiscal year ending on March 31, , Cashify saw a minor decline in its operating revenue to Rs However, the company had managed to control its losses which came down to Rs 35 crore in FY21 from Rs Started his professional career from an edtech startup, Harsh has more than four years of experience with startup ecosystem. He loves to play with numbers, chase data driven stories and coin new terms.

Cashify net worth

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.

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Get in touch. Competitive landscape of Cashify Cashify has a total of 18 competitors and it ranks 1st among them. List your Fundraising Requirement. 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! Employee benefit expenses became the second major cost which constituted around Smartphones are among the most-used devices in today's world, and it surely generate too much waste. Cashify launched an online store on August 27, , to sell reconditioned computers, cellphones, and mobile accessories in India. It enables the customers to sell, buy and repair their gadgets. Cashify Key Metrics Founded Year Trade name. Then, Cashify dispatches a representative who comes to the seller's house. Filling a vital need in a large market like India, one feels the firm has missed a trick by not stressing on its reuse and recycle theme as a sustainability focused firm.

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!

Multinational corporations MNCs are behemoths that operate across borders, shaping global economies. Facebook-f Twitter Linkedin-in Instagram. Copy Url. 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. The Economic Times. It's an online marketplace for electronic gadgets like mobiles, laptops, tablets, TV sets, gaming consoles, etc. In July , the company launched its first offline store in Faridabad , Haryana. Business Standard. Who knows, in time the firm might even be able to earn carbon credits for its work. To ensure a smooth trade-in process, the company has teamed with the top online re-commerce brand, Cashify. Claim your Profile Free. Infosys share price. Most viewed in