“CDH Investments and Morningside Ventures are leading an investment of $14 million in Delhi-based online used phone seller Cashify along with existing investor Shunwei, said a third source familiar with the transactions CDH Investments confirmed the investment in Cashify adding that it is likely to step up India investments ranging from $5 million to $20 million in 2018, having finalised afew more potential investments,” reported the Economic Times.
Link Legal India Law Services acted for two Chinese investors,
Cashify is an online re-commerce platform to customers to enable the sale of their old or used electronic gadgets such as laptops, mobile phones, tablets, LCD screens and gaming consoles on a principal to principal basis with other willing buyers and the business of carrying on wholesale trading in pre-owned, refurbished and second-hand goods, rental of old & new gadgets, repair of electronic gadgets.