About Cashify
Cashify is a company based in Gurugram (India) founded in 2009 by Siddhant Dhingra, Amit Sethi, Mandeep Manocha, and Nakul Kumar.. Cashify has raised $130.05 million across 8 funding rounds from investors including Amazon, Bessemer Venture Partners and Prosus. The company has 1,264 employees as of March 30, 2024. Cashify has completed 3 acquisitions, including MobiBing, TekSolvr and UniShop. Cashify offers products and services including Sell Phone Service, Buy Refurbished Devices, and Repair Phone Service. Cashify operates in a competitive market with competitors including ReFit Global, TogoFogo, SOUM, Reset Systems and Ferbshop, among others.
- Headquarter Gurugram, India
- Employees 1264 as on 30 Mar, 2024
- Founders Siddhant Dhingra, Amit Sethi, Mandeep Manocha, Nakul Kumar
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Manak Waste Management Private Limited
- Date of Incorporation 19 May, 2009
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$99.25 M (USD)63.65as on Mar 31, 2023
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Net Profit
$-17.79 M (USD)-49as on Mar 31, 2023
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EBITDA
$-18.24 M (USD)-55.07as on Mar 31, 2023
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Total Equity Funding
$130.05 M (USD)
in 8 rounds
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Latest Funding Round
$90 M (USD), Series E
Jun 08, 2022
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Investors
Amazon
& 23 more
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Employee Count
1264
as on Mar 30, 2024
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Investments & Acquisitions
MobiBing
& 2 more
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Products & Services of Cashify
Cashify offers a comprehensive portfolio of products and services, including Sell Phone Service, Buy Refurbished Devices, and Repair Phone Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for selling used mobile phones online for cash.
Platform to purchase refurbished electronics like phones.
Offers repairs for screens and batteries of devices.
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Funding Insights of Cashify
Cashify has successfully raised a total of $130.05M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $90 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $90.0M
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First Round
First Round
(25 Apr 2015)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series E - Cashify | Valuation | Prosus , Newquest | |
| Feb, 2021 | Amount | Series D - Cashify | Valuation | Olympus Capital Asia , AEPim |
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| Oct, 2019 | Amount | Series C - Cashify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Cashify
Cashify has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amazon, Bessemer Venture Partners and Prosus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Private equity secondary market investments are managed diversely.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Paramark Ventures in startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cashify
Cashify has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MobiBing, TekSolvr and UniShop. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform offering eCommerce suite solution for kirana stores
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2020 | ||||
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Gadget repair services are provided by Teksolvr.com in India.
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2017 | ||||
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A digital marketplace for over-stock, unboxed, and pre-owned products.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cashify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cashify Comparisons
Competitors of Cashify
Cashify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ReFit Global, TogoFogo, SOUM, Reset Systems and Ferbshop, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Refurbished consumer electronics are sold via an online platform.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for pre-owned and refurbished gadgets.
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| domain | founded_year | HQ Location |
Sells used and new mobile phones, provides repair services in Jaipur.
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| domain | founded_year | HQ Location |
Provides affordable refurbished laptops, desktops, and accessories in Hyderabad.
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| domain | founded_year | HQ Location |
Online platform for selling refurbished laptops from top brands.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cashify
Frequently Asked Questions about Cashify
When was Cashify founded?
Cashify was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is Cashify located?
Cashify is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Cashify?
Mandeep Manocha is the current CEO of Cashify.
Is Cashify a funded company?
Cashify is a funded company, having raised a total of $130.05M across 8 funding rounds to date. The company's 1st funding round was a Series C of $6.5M, raised on Apr 25, 2015.
How many employees does Cashify have?
As of Mar 30, 2024, the latest employee count at Cashify is 1,264.
What is the annual revenue of Cashify?
Annual revenue of Cashify is $99.25M as on Mar 31, 2023.
What does Cashify do?
An online marketplace was established in 2009 in Gurugram, India, focusing on electronics. Refurbished and new gadgets, including phones, tablets, laptops, cameras, and home appliances, are bought and sold by users. Doorstep repair services for mobile devices are provided to individuals. The platform is supported by applications available on Android and iOS devices.
Who are the top competitors of Cashify?
Cashify's top competitors include ReFit Global, TogoFogo and Reset Systems.
What products or services does Cashify offer?
Cashify offers Sell Phone Service, Buy Refurbished Devices, and Repair Phone Service.
How many acquisitions has Cashify made?
Who are Cashify's investors?
Cashify has 24 investors. Key investors include Amazon, Bessemer Venture Partners, Prosus, Newquest, and Aihuishou.
What is Cashify's valuation?
The valuation of Cashify is $250M as of Jun 2022.
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