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Cashify buys UniShop as it looks to expand both online and offline

Cashify buys UniShop as it looks to expand both online and offline SECTIONS Share Synopsis Cashify, which raised $15 million in Series D funding from private equity firm Olympus Capital’s clean energy and sustainability arm in March, is in talks with new and existing investors to raise another $50 million, chief operating officer Nakul Kumar told ET. ETtech Nakul Kumar, COO & cofounder, Cashify Re-commerce marketplace Cashify has acquired UniShop, a platform that helps neighbourhood retailers sell online, for an undisclosed amount in cash and stock as part of its plan to aggressively expand both online and offline. Cashify, which raised $15 million in a Series D funding round from private equity firm Olympus Capital’s clean energy and sustainability arm in March, is in talks with new and existing investors to raise another $50 million, chief operating officer Nakul Kumar told ET.

Startup salaries swell amid pandemic-induced funding boom

Startup salaries swell amid pandemic-induced funding boom SECTIONS Share Synopsis Engineers, data analysts, developers and product managers with three-to-seven years experience are being hired at 50% higher salaries by startups flush with funding. ETtech The slug of capital comes with an expectation to grow faster that requires quality talent, which in turn comes at a higher cost. (Illustration: Rahul Awasthi/ETtech) Mumbai: Increased demand for technology talent, following an accelerated focus on digital adoption by businesses due to the Covid-19 pandemic, is making hiring expensive, especially for early-stage startups, multiple founders and recruiters told ET. Engineers, data analysts, developers and product managers in the three-to-seven-year experience bracket are often being hired for up to 50% higher salaries than industry levels by startups flush with investor capital.

Coding jobs are the future – 25 quotes of the week on digital transformation

Coding jobs are the future – 25 quotes of the week on digital transformation
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

Cashify raises $15 million for its second-hand smartphone business in India

Tens of millions of people each year purchase a second-hand smartphone in India, the world's second-largest market. New York-based Olympus Capital Asia made the investment through Asia Environmental Partners, a fund dedicated to the environmental sector. Cashify operates an eponymous platform both online and physical stores and kiosks for users to sell and buy used smartphones, tablets, smartwatches, laptops, desktops and gaming consoles.

Indian startups: Startups tap new investors amid uncertainty on China FDI

Indian startups: Startups tap new investors amid uncertainty on China FDI
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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