“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, CDH Investments and Morningside Ventures in the expected Series C round, which is subject to completion. The firm was led by partner Manish Gupta, principal associate Pratyush Khurana and associate Suraj Prasad.

Cashify and its founders were represented by Imperia Law partner Pranay Agrawala.

Bessemer Venture Partners was represented by Khaitan & Co Bangalore.

Trifecta Capital was represented by Nishith Desai Associates lawyers Rishabh Sharma and Dipanshu Singhal.

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.