Cashify, India’s most used App for selling old gadgets predominantly smartphones, has increased Siddhant Dhingra as a Co-founder and Chief Business Officer – Global Markets, Akash Chauhan as the Chief Operating Officer (COO), and Shubh Darpan is the Chief revenue officer (CRO) now. The following move comes in view of further reinforcing its leadership team to go up the business and pave the way for the next phase of development.
True to its philosophy of democratizing technology, Cashify has indicated enormous growth in the past few years. The net sales have been growing at a strong stage. From producing just Rs 1.55 crore in FY16, the company clocked Rs 344.4 crore in FY20 and is expected to grow to Rs 650 crore in this fiscal. To support this success, the company has multiple plans including expansion from online to offline, Cashify has goals in place.
Today, aside from serving more than 30 million users online through its App, Cashify has over 90 brick and mortar stores present across the country including 8 permitted stores in India. The selection is to open another 100 to 150 stores in the next 12 months.
The company plans to offer category services to users. So far, people can assist mobile phones, smartwatches, laptops, tablets, etc. related services and products. What lies in the pipeline is Cashify’s target to include maximum categories in the upcoming days and protect their presence in the retail world to cater to the rising digital requirements of customers. As Cashify’s services develop and increase the company will greatly welfare from the experiences of its core leadership in the space.
“In the last year, we have indicated multi-fold growth in terms of enlargement, marketing, and verticals. The appointments come at a crucial time as we continue a rapid growth stage and take opportunities to expand the recondition business.
Thus, we are happy to launched the promotions of these talented, diligent and dedicated team members. Each one of them has played a significant role in the company’s growth and expansion, and we are happy to accept their achievement through these well-deserved promotions. said Mandeep Manocha, Cashify’s co-founder, and CEO.
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