Funding Update: Cashify Raises USD 15 Million In 2021 Q1

- Updated: 23rd Mar 2021, 08:44 IST

Via Olympus Capital clean energy and sustainability platform Asia Environmental Partners (AEP), Cashify has raised an investment of $15 million in its Series D round of funding. The update comes in the beginning of 2021 when many organizations and corporations are attempting to get back on their feet after the pandemic-hit year of 2020.

Cashify, a recommerece platform, has ventured into many electronic services and products. From instant mobile repair to refurbished mobiles and laptops, Cashify has truly become the go-to place for all gadget things. In addition, Cashify offers own-branded mobile accessories and those from other brands as well. The existing gadget categories for Cashify buyback are smartphones, smart watches, laptops, tablets etc. With this recent round of investment Cashify aims to maximize these categories and include as many gadget segments as possible. Often termed as an online-centric brand, Cashify has also made a considerable presence in the offline market. With stores and pop-up stores around the country, Cashify plans to be a completely omnichannel brand with more offline stores in the upcoming days.

Mainly attributable to Cashify’s emphasis on reuse, recycle and refurbishment of gadgets, this round of funding has been covered in this piece by Outlook India.


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