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
Locked
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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.
Service for selling used mobile phones online for cash.
Platform to purchase refurbished electronics like phones.
Offers repairs for screens and batteries of devices.
People of Cashify
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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.
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.
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Tech companies are invested in by this venture capital firm.
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Private equity secondary market investments are managed diversely.
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Early-stage investments are targeted by Paramark Ventures in startups.
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Investor details for Cashify
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Investments & Acquisitions by Cashify
Cashify has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MobiBing, TekSolvr and UniShop.
Investment portfolio details for Cashify
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform offering eCommerce suite solution for kirana stores
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Gadget repair services are provided by Teksolvr.com in India.
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Locked | Locked | 2017 | Locked | |
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A digital marketplace for over-stock, unboxed, and pre-owned products.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for Cashify
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Financial Statements - Cashify
Detailed financials for Cashify
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Cashify Comparisons
Peer comparison for Cashify
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Refurbished consumer electronics are sold via an online platform.
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Hosts a digital marketplace for pre-owned and refurbished gadgets.
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Sells used and new mobile phones, provides repair services in Jaipur.
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Provides affordable refurbished laptops, desktops, and accessories in Hyderabad.
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Online platform for selling refurbished laptops from top brands.
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Detailed competitors of Cashify
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- Full company profiles
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Latest news on Cashify
Complete news archive for Cashify
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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 current CEO of Cashify.
Cashify is a funded company, having raised a total of $130.05M across 8 funding rounds to date.
As of Mar 30, 2024, the latest employee count at Cashify is 1,264.
Annual revenue of Cashify is $99.25M as on Mar 31, 2023.
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 Reset Systems.
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.