Cashify IPO details
- Cashify is planning for an IPO with an issue size of around ₹1,500- ₹1,800 Cr.
- The company is planning to submit draft IPO papers around June-July this year, and draft IPO papers filing might be via a confidential way.
- The news shares and OFS information will be announced later.
- Early investors in Cashify, like Bessemer Venture Partners, Olympus Capital Asia, and Blume Ventures, are expected to sell some of their shares when the company goes public. Cashify IPO listing might be in the early year of 2027.
Cashify IPO – Bankers and Use of Funds:
- The company will use the money it raises to open more retail stores and expand into new locations or markets.
- For this upcoming IPO, Cashify has selected ICICI Securities, JM Financial and Nomura as bankers.
About the Cashify
The company mainly helps people sell old phones and laptops and buy refurbished (used but repaired) devices online. In fact, the company earns mostly from selling second-hand smartphones and laptops. Apart from that, the company is also earning from services like device repairs and commissions, which are growing well.
Cashify was started by Mandeep Manocha, Nakul Kumar, and Amit Sethi, and since then, it has earned more than ₹1,200 crore (about $140 million) in funding, according to Tracxn.
