12.6 C
London
Saturday, October 1, 2022

Recommerce Platform Cashify Raises $90 Million in its Series E Funding

Must read

Hurricane Ian death toll rises

At least 23 people in Florida have been killed by Hurricane Ian, state officials said Friday.The actual death toll from the powerful Category 4...

Tesla’s robot strategy is inextricably linked to its Autopilot strategy, for better or for worse • londonbusinessblog.com

Tesla unveiled its first prototype of its Optimus humanoid robot on Friday — a real robot this time, by the strictest definition, rather than...

Enjoy these exclusive benefits in the TC+ Lounge at Disrupt • londonbusinessblog.com

Everyone knows that membership has its privileges. And that adage holds true at londonbusinessblog.com Disrupt, which takes place October 18-20 in San Francisco....

Elon Musk unveils Optimus TeslaBot prototype during AI Day 2022

Tesla CEO Elon Musk revealed a prototype humanoid "Optimus" robot that shares some AI software and sensors with its cars' Autopilot driver assistance features....
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Re-commerce marketplace Casify said Thursday it has secured $90 million in its Series E financing from NewQuest capital partners and Prosus.



The new funds will be used to strengthen the team, build technology infrastructure and enhance branding marketing efforts, the company said in a statement.

Existing investors Bessemer, Blume Ventures and Olympus Capital invested in this round, with the participation of new investor, Paramark Ventures.

“We look forward to expanding our presence and offering to our valued customers in India and achieving our broader goal of integrating the circular economy,” said Mandeep Manocha, Founder and CEO of cashify

Apart from smartphone repurchases, Cashify has become a smartphone centered brand with comprehensive mobile care at the user’s doorstep.

Cashify has more than 40 lakh customers and is a buyback partner for brands like Apple, Xiaomi, OnePlus, Vivo, Oppo, HP, Samsung and Dell in India.

“While there is a strong opportunity in the re-commerce space, Cashify has a clear edge as a category leader with its focus on customer experience and its data- and tech-first approach,” said Amit Gupta, Partner and Head of India and Southeast. Asia, NewQuest.

ALSO SEE:

Long Covid symptoms can last up to two months in children, says Lancet study

ITC grabs the market; sales surpass their pre-pandemic levels

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Hurricane Ian death toll rises

At least 23 people in Florida have been killed by Hurricane Ian, state officials said Friday.The actual death toll from the powerful Category 4...

Tesla’s robot strategy is inextricably linked to its Autopilot strategy, for better or for worse • londonbusinessblog.com

Tesla unveiled its first prototype of its Optimus humanoid robot on Friday — a real robot this time, by the strictest definition, rather than...

Enjoy these exclusive benefits in the TC+ Lounge at Disrupt • londonbusinessblog.com

Everyone knows that membership has its privileges. And that adage holds true at londonbusinessblog.com Disrupt, which takes place October 18-20 in San Francisco....

Elon Musk unveils Optimus TeslaBot prototype during AI Day 2022

Tesla CEO Elon Musk revealed a prototype humanoid "Optimus" robot that shares some AI software and sensors with its cars' Autopilot driver assistance features....

Elon Musk Just Debuted Tesla’s First Humanoid Robot

A prototype of Tesla's humanoid robot dubbed "Optimus" took the stage for the first time tonight as part of Tesla's 2022 AI Day presentation.As...