Cashify - About the company
Cashify is a series E company based in Gurugram (India), founded in 2009 by Mandeep Manocha, Nakul Kumar, Amit Sethi, Siddhant Dhingra and Amit Sethi. It operates as an Online retailer of refurbished and used consumer electronics and gadgets. Cashify has raised $140M in funding from investors like Bessemer Venture Partners, Olympus Capital Asia and Blume Venture, with a current valuation of $*****. The company has 59 active competitors, including 7 that are funded. Its top competitors include companies like Grest, Selsmart and GreenDust.
Company Details
Online retailer of refurbished and used consumer electronics and gadgets. It provides options to sell or buy used phones, laptops, smartwatches, tablets, gaming consoles, cameras, and accessories. The business also offers repair services for phones and laptops, addressing issues like screen damage, battery problems, and microphone malfunctions. Additionally, it facilitates the recycling of old devices.
- Website
- www.cashify.in/
- Social
- Email ID
- *****@cashify.in
- Phone Number
- +91 **********
- Registered Address
- 55, 2ND FLOOR, LANE-2, WESTEND MARG, SAIDULLAJAB, Gadaipur, South West Delhi, New Delhi, Delhi, India, 110030
Key Metrics
Founded Year
2009
Location
Gurugram, India
Stage
Series E
Total Funding
$140M in 8 rounds
Latest Funding Round
Post Money Valuation
$***** as on Sep 08, 2022
Investors
Ranked
1st among 59 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
1,978 as on May 31, 2026
Legal entities associated with Cashify
Cashify is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MANAK WASTE MANAGEMENT PRIVATE LIMITED CIN: U46524DL2009PTC190441 , India, Active | May 19, 2009 | ₹1,000+ Cr (As on Mar 31, 2025) | 1978 (As on May 31, 2026) |
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Cashify's funding and investors
Cashify has raised a total funding of $140M over 8 rounds. Its first funding round was on Apr 25, 2015. Its latest funding round was a Series E round on Jun 08, 2022 for $*****. 11 investors participated in its latest round. Cashify has 24 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Cashify:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 08, 2022 | 8094250 | Series E | 6026323 | 2771216 | 7930308 | 7369444 |
Feb 01, 2021 | 6154199 | Series D | 2708880 | 7474508 | 3141707 | 7434275 |
Oct 10, 2019 | 9310285 | Series C | 7973965 | 8776985 | 4008235 |
Access funding benchmarks and valuations. Sign up today!View details of Cashify's funding rounds and investors
Cashify's founders and board of directors
Founder? Claim ProfileThe founders of Cashify are Mandeep Manocha, Nakul Kumar, Amit Sethi, Siddhant Dhingra and Amit Sethi. Mandeep Manocha is the CEO of Cashify.
Here are the details of Cashify's key team members:
- Mandeep Manocha: Co-Founder & CEO of Cashify and founder of 1 other company. They are also an angel investor in 3 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Nakul Kumar: Co-Founder & CMO of Cashify and founder of 2 other companies, ZazzyBox and ReGlobe. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Amit Sethi: Co-Founder of Cashify. They serve on the board of 1 company.Contact Info: 1 phone number
- Siddhant Dhingra: Co-Founder of Cashify. They are also an angel investor in 1 startup.Contact Info: 1 email address
- Amit Sethi: Co-Founder of Cashify and founder of 1 other company.
Cashify's Board of Directors
Cashify's board has 8 active members. Mandeep Manocha, Chunsoo Kim, Arpit Agarwal, Nakul Kumar, Amit Sethi, Anant Vidur Puri, Mamtesh Sugla and Sumit Kumar are part of team.Here is the list of Cashify's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 4m | |
dtwcxk{ | Team | - | Past | 8y 8m |
rbvannm | Team | - | Past | 9y 7m |
Investor | Blume Venture | Current | 8y 2m | |
Investor | Bessemer Venture Partners | Current | 8y 0m | |
vqodnjr | Investor | gnemrvw | Past | 8y 8m |
nbnjyrb | Investor | moxirnc | Past | 5y 9m |
cymlevc | Investor | numxjuj | Past | 8y 8m |
vlkbdzy | Investor | qprhane | Past | 8y 9m |
viyz{kr | Investor | nouheko | Past | 4y 1m |
View details of Cashify's Founder profiles and Board Members
Cashify's employee count trend
Cashify has 1,978 employees as of May 26. The total employee count is 33.0% more than what it was in May 25. Here is Cashify's employee count trend over the years:
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Cashify's Competitors and alternates
Top competitors of Cashify include Grest, Selsmart and GreenDust. Here is the list of Top 10 competitors of Cashify, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online retailer of refurbished and used consumer electronics and gadgets | $140M | 80/100 | ||
2nd | Online retailer of certified refurbished electronics | $4.31M | 63/100 | ||
3rd | Online retailer of used appliances offering instant cash and free pickup | - | - | 61/100 | |
4th | Online reverse logistics retail for sale of factory second products | $55.3M | 43/100 | ||
5th | Cashforphone 2017, Delhi (India), Unfunded | Provider of used phone buying, selling, and repair services | - | - | 42/100 |
6th | Provider of a recommerce platform for buying and selling refurbished electronics | - | 39/100 | ||
7th | SellMyCell 2019, Bengaluru (India), Unfunded | Online platform for selling pre-owned mobile phones | - | - | 39/100 |
8th | Online platform to sell used gadgets | - | - | 39/100 | |
9th |  CashMartIndia 2021, Bengaluru (India), Unfunded | Online marketplace offering second-hand multi-category electronic products | - | - | 38/100 |
10th | Online platform to buy unboxed mobiles | $469K | 37/100 |
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Cashify's Latest cap tables and shareholding
Founders own 17.22%, Funds (largest shareholder) own 60.36%, Enterprises own 15.95% and Angels own 0.05%. The net worth of Cashify's founders is INR 341Cr as of Sep 07, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 17.22% | 341Cr | 3694494 | 4857120 | 9302912 | 6566829 |
611887 | 310827 | 469552 | 480724 | 662167 | 453985 | |
979 | 691 | 426 | 570 | 535 | 525 | |
Fund | 60.36% | 1,190Cr | 4781371 | 3455023 | 5118047 | 3658912 |
6807036 | 9350641 | 2361901 | 2463909 | 6451625 | 8154805 | |
6314086 | 8608037 | 5589759 | 2433145 | 5753656 | 1330349 | |
468 | 615 | 118 | 662 | 554 | 301 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 15.95% | 316Cr | 7046424 | 7661253 | 8737610 | 1176735 |
Angel | 0.05% | 1.08Cr | 0 | 0 | 0 | 0 |
Other People | 0.50% | 9.85Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 5.92% | 117Cr | 32562 | 55375 | 21966 | 39154 |
Total | 100.00% | 1,980Cr | 6900892 | 3389963 | 1769523 | 8647936 |
To unlock detailed Cap Table of Cashify Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Cashify's Shareholding
Cashify's Investments and acquisitions
Cashify has acquired 3 companies including UniShop, Teksolvr.com and MobiBing. Cashify has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 27, 2021 | Acquisition | 2020 | Delhi (India) | |
Jan 04, 2019 | Acquisition | 2017 | Chandigarh (India) | |
Jul 19, 2016 | Acquisition | 2015 | Bengaluru (India) |
Want to know more about where corporates are investing? Sign up today!See all acquisitions by Cashify
Reports related to Cashify
Here is the latest report on Cashify's sector:
News related to Cashify
Filter this listMedia has covered Cashify for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about people movement.
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Cashify Launches First Select Store in Bengaluru for Premium Refurbished ElectronicsBusiness Line•May 21, 2026•Cashify
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Amazon-backed Cashify appoints bankers for IPOEntrackr•Mar 25, 2026•Cashify, ICICI Securities, JM Financial, Nomura
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Cashify Strengthens South India Presence with New Store in BengaluruMedia Bulletins•Feb 06, 2025•Cashify
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Cashify Rides on Demand for Premium Category of Phones, Eyes IPO by FY28Entrepreneur•Jan 31, 2025•Cashify
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Boult and Cashify Partner to Strengthen Retail Presence Across IndiaIndian Retailer•Dec 04, 2024•Cashify, GoBoult
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D2C Meat Startup FreshToHome Raises $104 Mn Funding To Build Omnichannel PresenceFreshToHome•Mar 06, 2023•FreshToHome, ASVF, E20 Investment, Mount Judi Ventures and 13 others
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