Cashify raises $90 mn in series E funding from NewQuest and Prosus

Since 2021, the company has pivoted and embarked on its expansion across India

Re-commerce marketplace Cashify, has raised $90 million in its Series E funding from NewQuest Capital Partners and Prosus. Existing investors Bessemer, Blume Ventures and Olympus Capital invested in this round, with participation from new investor Paramark Ventures.

With this, Cashify has raised a total of $140 million in funding. The current Funds raised will be deployed towards strengthening the team, building technology infrastructure and marketing to build the brand and expand into new markets. 

The company plans to double its efforts of acquiring devices and also reaching out to a large base of customers directly. Cashify will expand its presence in top