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# Indian B2C marketplace Cashify secures $90 million in funding
- URL: https://www.techloy.com/indian-b2c-marketplace-cashify-secures-90-million-in-funding/
- Published: 2022-06-23T17:47:56.000Z
- Updated: 2022-12-08T01:57:02.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce

[Cashify,](https://www.cashify.in/) an India-based marketplace for re-commerce has secured $90 million in its Series E funding round led by NewQuest Capital and Prosus. 

- The fund will be used for building out its stack of technology, hiring more talents, marketing, and expanding its operations to new markets.
- Cashify is an online marketplace for buying and selling used electronics including devices like smartphones and laptops.
- The firm plans to increase its stores to 250 in 100 cities from 120 in 45 cities in the next 12 months, with a double in its revenue in the last 12 months, it expects to grow by 2x in the next year.
- Bessemer, Blume Ventures, Olympus Capital, and Paramark Ventures invested in the round.