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.

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

Cashify net worth

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 Similarly, its cost of buying used electronics for resale rose to crore in FY23 from Last year, the company announced plans to expand to over cities in India and increase its store count to This is in contrast to the new smartphone sales data, which indicates prolonged downturn with slow recovery. Download the Financial Express App for the latest finance news. Must Read.

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Cashify formerly known as ReGlobe is a recommerce company with headquarters in Gurgaon , India. It was founded in 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 also deals in refurbished devices. In October , the company partnered with Snapdeal to buy back mobiles, tablets and laptops. In July , the company launched its first offline store in Faridabad , Haryana.

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

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.

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Customers Offerings Company. Official website. Xiaomi has partnershiped with Cashify and with this partnership Mi Exchange a trade in program has been launched on November, 22, Vivo India has unveiled the "Vivo Xchange" program, a brand-new trade-in opportunity that allows customers to trade in their outdated smartphones for a new Vivo model at shop. Infosys share price. 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. Its current company stage is Series E. Competitive landscape of Cashify Cashify has a total of 18 competitors and it ranks 1st among them. Cashify is not a Public company. Funds own the majority of Cashify's shares, accounting for

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.

Tata Steel share price. It enables users to sell phones, tablets, gaming consoles, cameras, televisions, audio devices, laptops, and more on the platform. How many employees does Cashify have? Similarly, its cost of buying used electronics for resale rose to crore in FY23 from Last updated: March 10, The idea for the Cashify business originated when one of a group of 3 friends wanted to buy the latest iPhone and at the same time, sell off his Samsung phone in return for raising some funds. Photo Gallery The upgrade program is intended for both current Vivo users and those who are considering purchasing a new Vivo smartphone. Top Losers. Govt nixes Vedanta plan to demerge HZL. The Ken.