About Cashify
Cashify is a Retail company based in Gurugram (India) founded in 2009 by Siddhant Dhingra, Amit Sethi, Mandeep Manocha, and Nakul Kumar. Refurbished and new gadgets are offered through an online marketplace. 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. Cashify has completed 3 acquisitions, including MobiBing, TekSolvr and UniShop. Cashify was last valued at $250 million in June 2022. Its chief executive, as recorded, is Mandeep Manocha. Its website cashify.in draws about 15.2 million monthly visits. Its Indian entity Manak Waste Management Private Limited reported revenue of ₹1,122 Cr. Cashify offers products and services including Sell Phone Service, Buy Refurbished Devices, and Repair Phone Service. Its focus areas include Consumer Electronics E-Commerce, Second Hand, Multi Category and Marketplace. Its competitors include ReFit Global, TogoFogo and SOUM; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Gurugram, India
- Employees 1,264
- Founders Siddhant Dhingra, Amit Sethi, Mandeep Manocha, Nakul Kumar
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website cashify.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Manak Waste Management Private Limited
- Date of Incorporation 19 May, 2009
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of Cashify
Cashify operates through Manak Waste Management Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Manak Waste Management Private Limited CIN U46524DL2009PTC190441 | Active | 19 May 2009 | New Delhi, Delhi | ₹1,122 Cr | 1,264 | 9 | View details |
Products & Services of Cashify
Cashify offers a comprehensive portfolio of products and services, including Sell Phone Service, Buy Refurbished Devices, and Repair Phone Service.
Service for selling used mobile phones online for cash.
Platform to purchase refurbished electronics like phones.
Offers repairs for screens and batteries of devices.
Apps and channels of Cashify
Cashify publishes 2 mobile apps with over 10.5M+ downloads; its YouTube channel Cashify has 280K subscribers and 30 videos.
Videos from Cashify
The most watched videos on Cashify's YouTube channel, Cashify (280K subscribers). Click a video to play it here.
More on Cashify.
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 $130.05M
- Total Rounds 8
- Last Round Series E — $90M
- First Round $841,694
(Apr 2015)
- Investors Count 24
All 8 funding rounds of Cashify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $90M | Series E | $250M | Prosus, Newquest | |
| Feb 2021 | $15.73M | Series D | $89.21M | Olympus Capital Asia, AEPim | – |
| Oct 2019 | $6.5M | Series C | $••••• | – | |
| Jun 2018 | $12M | Series C | $••••• | CDH | |
| Feb 2018 | $1M | Debt – Venture | – | – | |
| Jul 2017 | $3.97M | Series A | $••••• | Shunwei Capital, M & S Partners | |
| Apr 2016 | $1.01M | Series A | $••••• | Bessemer Venture Partners | |
| Apr 2015 | $841,694 | Seed | $••••• | Bessemer Venture Partners, Blume Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $250M | •••••••• |
| Feb 2021 | $89.21M | •••••••• |
| Oct 2019 | $••••• | •••••••• |
| Jun 2018 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
| Apr 2016 | $••••• | •••••••• |
| Apr 2015 | $••••• | •••••••• |
Full valuation and stage history of Cashify
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $250M (Jun 2022). 24 investors in total: 23 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Private equity secondary market investments are managed diversely. | 2011 | nqcap.com | Hong Kong, China | |
Early-stage investments are targeted by Paramark Ventures in startups. | paramark.vc | Seoul, South Korea | ||
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Private equity investments in middle market companies across Asia. | 1997 | olympuscap.com | Shanghai, China | |
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Venture capital firm backed by Amazon focused on agritech and healthtech sectors | asvf.in | Seattle, United States | ||
Investments in consumer electronics e-commerce are managed by the firm. | Amsterdam, Netherlands | |||
Venture capital fund investing in early-stage tech startups | 1990 | kbic.co.kr | Seoul, South Korea | |
Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors | shunwei.com | Beijing, China |
Investor details for Cashify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Manak Waste Management Private Limited (Cashify)
Manak Waste Management Private Limited is the primary company behind Cashify. The board of Manak Waste Management Private Limited currently have 9 directors; the longest-serving is Nakul Kumar, appointed in 2009. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nakul Kumar DIN 02632082 | Whole-time director | 19 May 2009 | 17 yrs 5 mo | Manak Waste Management Private Limited |
| Mandeep Manocha DIN 02631490 | Whole-time director | 19 May 2009 | 17 yrs 5 mo | Manak Waste Management Private Limited |
| Amit Sethi DIN 02179094 | Whole-time director | 11 May 2015 | 11 yrs 6 mo | Manak Waste Management Private Limited |
| Anant Vidur Puri DIN 07398193 | Nominee Director | 23 Aug 2018 | 8 yrs 2 mo | Manak Waste Management Private Limited |
| Mamtesh Sugla DIN 08312311 | Nominee Director | 18 Aug 2022 | 4 yrs 2 mo | Manak Waste Management Private Limited |
| Sumit Kumar DIN 07415525 | Nominee Director | 18 Aug 2022 | 4 yrs 2 mo | Manak Waste Management Private Limited |
| Chunsoo Kim DIN 09749619 | Nominee Director | 27 Sep 2022 | 4 yrs 1 mo | Manak Waste Management Private Limited |
| Soumya Chauhan DIN 10362887 | Nominee Director | 18 Oct 2023 | 3 yrs | Manak Waste Management Private Limited |
| Vikram Gawande DIN 02051597 | Nominee Director | 02 Apr 2024 | 2 yrs 7 mo | Manak Waste Management Private Limited |
People of Cashify
39 people are tracked at Cashify (15 in leadership, 24 in team); the tracked headcount is 1,264.
| Name | Role | Group |
|---|---|---|
| Co-founder & CEO | Leadership | |
Siddhant Dhingra | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder & CMO | Leadership | |
Raghvendra Singh | Head Of Engineering | Leadership |
Subodh Garg | CFO And Lead Growth & Strategy | Leadership |
Vipin Rajput | Associate Director Of Finance | Leadership |
Pankaj Parkash | General Manager - Legal | Leadership |
Khyat M. | Vice President Strategy Corporate Development | Leadership |
Arun Pratap Singh | Vp-finance | Leadership |
Ayush Burnwal | Strategy & Growth - Founder's Office | Leadership |
Dhanesh Pal Singh Jadaun | Director | Leadership |
Rachit Goyal | General Manager | Leadership |
Ravi Shanker | General Manager | Leadership |
Shivam Singh | Assistant Vice President- D2c | Leadership |
Lalit Rana | Human Resources Lead | Team |
Koroulembi N. | Customer Service Manager | Team |
Umed Yadav | Sr. SEO Manager | Team |
Mohd Tabish | Senior Finance Manager | Team |
Nupur Gupta | Marketing Manager | Team |
19 more people are available in the full profile.
Complete people profiles for Cashify
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cashify
Figures of Manak Waste Management Private Limited, the primary company behind Cashify, for FY 2025. Revenue was ₹1,122 Cr (+18% year on year). Net loss was -₹10.56 Cr (-1% margin). EBITDA was ₹1.98 Cr (0% margin). Revenue has grown at a compounded annual rate of +31% over three years and +26% over five years.
- ₹1,122 CrRevenue · FY 2025 · +18% YoY
- -₹10.56 CrNet loss · -1% margin
- ₹1.98 CrEBITDA · 0% margin
- ₹90.6 LakhPaid-up capital
- 1,264Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +26%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Manak Waste Management Private Limited are on its company page.
Detailed financial statements for Cashify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Cashify
Cashify has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MobiBing, TekSolvr and UniShop.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Platform offering eCommerce suite solution for kirana stores | unishop.app | Delhi, India | 2020 | Jul 2021 | •••• | |
Gadget repair services are provided by Teksolvr.com in India. | teksolvr.com | Chandigarh, India | 2017 | Jan 2019 | •••• | |
A digital marketplace for over-stock, unboxed, and pre-owned products. | mobibing.com | Bengaluru, India | 2015 | Jul 2016 | •••• |
Complete acquisition details for Cashify
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Cashify
7 dated milestones of Cashify across 13 years, from founding to its latest funding, stage changes and deals.
Competitors of Cashify
Cashify has 3 listed competitors in our database, 2 of them funded. They include ReFit Global, TogoFogo and SOUM.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| refitglobal.com | 2018 | Delhi, India | $241,128 | Refurbished consumer electronics are sold via an online platform. | ||
| togofogo.com | 2012 | Noida, India | $86,397 | 3 | Hosts a digital marketplace for pre-owned and refurbished gadgets. | |
| soum.co.in | 2015 | Jaipur, India | Sells used and new mobile phones, provides repair services in Jaipur. |
Detailed competitors of Cashify
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cashify
The website of Cashify (cashify.in) receives about 15.2M visits a month.
- Monthly visits15.2M
▲ 3.6% vs previous month
Websites whose visitors overlap most with Cashify. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
croma.com | croma.com | 100% | #3,112 | – | |
| flipkart.com | 96% | 215.3M | #127 | View details | |
| 91mobiles.com | 94% | 18.3M | #2,453 | View details | |
| amazon.in | 85% | #48 | View details | ||
| sahivalue.com | 82% | #107,237 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Cashify
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Consumer Electronics E-Commerce
3 companies that operate in the same segment as Cashify (Consumer Electronics E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Personal audio products, wearables, and mobile accessories are retailed. | 2016 | Gurugram, Haryana, India | USD 206 M | USD 346.34 M | 495 | |
Energy-efficient ceiling fans and smart home appliances are provided. | 2012 | Mumbai, Maharashtra, India | USD 119.2 M | USD 101.01 M | 770 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Cashify
Complete news archive for Cashify
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cashify
Cashify was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Cashify is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Mandeep Manocha is the CEO of Cashify, as recorded in our data.
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 Seed of $841.69K, raised on Apr 2015.
Cashify has 1,264 employees.
The primary company behind Cashify, Manak Waste Management Private Limited, reported revenue of ₹1,122 Cr for FY 2025, up 18% year on year.
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.
Cashify's top competitors include ReFit Global, TogoFogo and SOUM.
Cashify offers Sell Phone Service, Buy Refurbished Devices, and Repair Phone Service.
Cashify has 24 investors. Key investors include Amazon, Bessemer Venture Partners, Prosus, Newquest, and Aihuishou.
The valuation of Cashify is $250M as of Jun 2022.