IPO · Commerce & Consumer Brands

Cashify converts to public company ahead of IPO

By Startup Enthusiast · 19 August 2026

What they do

Cashify operates a platform for buying, selling, and repairing used electronic devices like phones and laptops

The company has transitioned into a public entity and appointed independent directors to prepare for its upcoming IPO

Financial performance improved significantly in FY25, with revenue reaching Rs 1,096 crore and losses narrowing to Rs 10.5 crore

Cashify has officially converted into a public company by changing its name from Cashify Private Limited to Cashify Limited.
The board appointed Vipul Sabharwal and Anil Berera as non-executive independent directors for a five-year term.
Each independent director is eligible for remuneration up to Rs 35 lakh annually, including sitting fees.
The company previously engaged ICICI Securities, JM Financial, and Nomura as bankers for its planned IPO (initial public offering).
Cashify is establishing a wholly owned subsidiary in Dubai called Cashify Phone Trading FZCO to trade electronics.
The founders Mandeep Manocha, Nakul Kumar, and Amit Sethi received annual compensation packages ranging from Rs 4 crore to Rs 4.02 crore.

The company reported operational revenue of Rs 1,096 crore in FY25, growing from Rs 935.07 crore in the previous year.
The firm maintains strategic partnerships with major OEMs like Xiaomi, OnePlus, and Samsung for device exchange programs.
Cashify collaborates with Amazon and Flipkart to manage the trade-in and refurbishment of electronic devices.

Cashify facilitates the buying and selling of used mobile phones, laptops, smartwatches, tablets, and other consumer electronics.
The company provides professional repair services for hardware components including screens, batteries, and charging ports.
It operates physical Cashify Store locations across major Indian cities including Delhi, Bengaluru, Pune, and Chennai.
The platform offers a recycling service for devices from major brands such as Apple, Samsung, and Realme.
The business model includes selling refurbished devices that have been tested and certified for quality.
The website serves as a content hub featuring phone reviews, comparison tools, and technology news articles.