[Funding alert] Cashify raises $15M from Olympus Capital
Cashify, the refurbished smartphone marketplace startup, aims to register around 100 percent growth in business in 2021, riding on the increased demand for electronic devices.
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Online marketplace for used smartphones Cashify on Wednesday said it raised
$15 million from Asia Environmental Partners (AEP) a fund focussed on the renewable energy sector and environment. AEP is a division of private equity player
Olympus Capital.
growth of its newly launched enterprise SaaS business, expansion of its
offline retail segment besides hiring, and
investments into branding.
With this fresh funding, Cashify aims to expand its enterprise SaaS business globally. This is essentially the technology platform it uses to run its operations, which it will now offer to other businesses.
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