Cashify net worth

Company Profile is an initiative by StartupTalky to publish verified information on cashify net worth 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!

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.

Cashify Key Metrics Founded Year UK bans overseas care workers from bringing dependant family members. And this is where the selling of old gadgets might help to buy new ones.

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 phone 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, the cost of material consumed accounted for This cost grew Employee benefit expenses became the second major cost which constituted around During FY22, the company hired more resources and its cost on salaries and other benefits surged

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.

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. Read the Cashify success story below to know more interesting facts.

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He is the co-founder and CTO at Cashify. Cashify buys old phones, adds value to the products, and sells second-hand electronic products at a margin. Cashify is located in Gurgaon, India. The major portion of Cashify's revenues come from the smartphones category, while it gains the remaining portion of its revenues from laptops. Cashify gross revenue nears Rs Cr in FY22, losses spike 2. Find out how to apply. During FY22, the company hired more resources and its cost on salaries and other benefits surged 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 had first targeted to post a profit by mid-FY22 and then by FY The company is aiming toward recycling mobiles. Cashify Key Metrics Founded Year The total employee count is 23 higher than it was for Oct The company believes in offering a complete solution to its customers by helping them with selling, repairing, recycling and managing their phones and laptops in a hassle-free manner.

Cashify board has approved the allotment of 15, preference shares for an issue price of Rs ,

Additionally, the buyback is guaranteed. Your Email. Get your free copy of Cashify's company profile. It's an online marketplace for electronic gadgets like mobiles, laptops, tablets, TV sets, gaming consoles, etc. It also allows them to buy refurbished gadgets. Competitive landscape of Cashify Cashify has a total of 18 competitors and it ranks 1st among them. The News Minute. Acquisitions Cashify has made 3 acquisitions. Silver Rate Today. Disclaimer: Bareback Media has recently raised funding from a group of investors. Copy Url. Cashify has a C2B business model. Follow Us. It is an iPhone 11! This is why the business model is unique and profitable, too.