Selling your old phone shouldn't feel like a gamble. Investors agree.

Cashify has raised $90M (~₹745 Cr) in a Series E round led by NewQuest Capital Partners with participation from Prosus Ventures and others.

Founded in 2013 by Mandeep Manocha and Nakul Kumar, the Gurugram-based startup is building a recommerce platform that helps consumers sell, repair, and recycle used smartphones and gadgets.

The funds will be used to expand offline stores, strengthen refurbishment capabilities, and scale recommerce operations across India.

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• Operates 100+ offline stores across multiple cities
• Focus on device buyback, repair, and resale ecosystem

Why this matters:

India's recommerce market is growing rapidly as consumers upgrade smartphones faster than ever.

:

Will recommerce platforms become the default way people upgrade gadgets in India?