222 Re-commerce Cashify intends to take advantage of the surge in interest in refurbished smartphones and computers by opening 80 additional retail locations around the nation by March. Alok Shukla, vice president of retail at Cashify, stated in an interview that the company presently has 170 locations and that it intends to increase that number to 250 with a $90 million investment. He added that the company also intended to increase its retail footprint from the existing 77 cities to 100 by the end of December. Due to the rise in the cost of new consumer goods, there is a significant demand on Cashify for used laptops. At the moment, only business-to-business (B2B) channels are used to sell computers. In June, Cashify raised $90 million from backers including NewQuest and Prosus. One of the main drivers behind the fundraiser was retail development. You Might Be Interested In Shell LiveWIRE 2023 selects 11 community enterprises, tech startups for acceleration program upGrad invests 3.6M USD to set up TuringMinds Luxembourg Aims to Rival Paris and Brussels in Startup Rankings Within Two Years Dubai Venture Fund Supports UAE Startup Zest Equity with $3.8 Million in Seed Funding Beatoven.ai’s AI-based music tool offers creators a new solution for royalty-free background music Game-Changing Battery Outperforms Tesla Tech, Introduces Solid-State Marvel with 300% Higher Energy Density and 15-Minute Ultra-Fast Charge
