Cashify gets $12 million in Series-C

MUMBAI: Online used phones and electronics marketplace Cashify has raised about?82 crore ($12 million) from a clutch of Chinese investors. The Series-C round was led by CDH Investments and MorningSide Group, with Chinese recommerce firm AiHuiShou participating as a strategic investor. Existing investors including Bessemer Ventures and Shunwei Capital also took part.

ET was the first to report Cashify’s fund raise in its June 12 issue. Cashify will use the capital to bolster its operational capability and technology needs to upscale the business’ footprint in India and globally.