Cashify raised INR 52 crore in Series E from Amazon and venture fund Blume Ventures


Recommerce marketplace for electronic devices Cashify raised INR 52 crore in Series E from ecommerce giant Amazon and venture fund Blume Ventures.


Cashify is an online marketplace where users can sell their old and used electronics. The startup also collaborates with original equipment manufacturers (OEMs) such as Xiaomi, OnePlus, and Samsung on exchange programmes. Cashify CEO Manocha recently told Inc42 that the startup was currently processing monthly gross merchandise value (GMV) in excess of INR 100 Cr and hoped to double it in the next six months. According to Redseer, the used phone market in India is expected to reach $10 billion by the fiscal year 2025-26. (FY26). According to the report, the overall refurbished electronic industry will grow at a compound annual growth rate (CAGR) of 16% to $11 billion by FY26.

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