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.

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.

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 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 By March , Cashify also plans to hire close to people for its stores. This will further increase the expenses in FY To keep up with growth, the Gurugram-based company splurged heavily on marketing and ran campaigns across television and digital channels. Its advertising and promotional expenses ballooned 5. On a unit level, Cashify spent Rs 1. 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. Throw in the use of green energy for operations, and the firm could be a much prouder poster child for sustainability in a market as large as India. Who knows, in time the firm might even be able to earn carbon credits for its work.

The Hindu.

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

Online marketplace offering pre-used gadgets and accessories. 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 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.

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Find Next Round Investors Free. Tracxn is designed with precision for. Kunal Manchanada March 12, Shifts in Indian government policy and international regulatory frameworks leave. Company Stage Series E. Two different types of taglines are present here. However, their operations also raise questions about their social and environmental impact. ESOP Pool. Cashify has grown from a startup that allowed the people to sell their mobile devices to one such company that helps everyone to buy, recycle, accessorise, and repair their smartphones so that everytime the users visit Cashify, they get what they need. On a unit level, Cashify spent Rs 1. Find what suits you See pricing plans. Cashify gross revenue nears Rs Cr in FY22, losses spike 2.

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

Cashify , fy22 , Recommerce , Revenue. 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. Investments Cashify has not made any investments yet. To unlock detailed Cap Table of Cashify Schedule a demo. Selling a second-hand gadget is never easy in India. Read More about Fintrackr. Claim Profile Suggest Edits Request page removal. There have been a few reported instances where alleged thieves used the platform to sell robbed phones or electric devices. IndiGo Co-founder Rakesh Gangwal sells 5. May 19, Acquisitions Cashify has made 3 acquisitions. Its objective-based approach helps the company to determine the value of the device. ESOP Pool.