Cashify eyes profit in FY26

Even as the organised refurbished smartphone market experiences its first contraction in years, Gurugram-based re-commerce platform Cashify appears to be bucking the trend, reporting a 20% rise in revenue and a sharp reduction in losses for FY25.

Cashify Financials

Co-founder Mandeep Manocha told Fe that the company expects to close FY25 with revenue of around Rs 1,150 crore, up from Rs 954.9 crore in FY24. Losses are estimated to shrink to Rs 10 crore from Rs 53.3 crore in the previous fiscal. The company is yet to file its audited financials with the ministry of corporate affairs.