Re-commerce marketplace Cashify raises $90-M led by NewQuest, Prosus

Cashify, a Gurgaon-based "re-commerce" marketplace, has raised USD 90 million led by NewQuest Capital Partners and Prosus in a Series E round of funding. The round also saw the participation from existing investors - Bessemer, Blume Ventures, Olympus Capital, and Paramark Ventures. Cashify, which buys old smartphones and sells refurbished electronic devices, will use the fresh capital for strengthening the team, building technology infrastructure, brand building as well for expanding into new markets.