CosmicTaco

Cashify Cuts Losses, Nears Rs 1,000 Cr Revenue

CosmicTaco · 2024-12-16T16:45:44.244149+05:30

- Cashify's revenue grew by 14.4% in FY24, reaching Rs 935 crore, while losses reduced by 63% to Rs 53 crore. - The sale of used electronics formed 91.5% of operating revenue, with partnerships with major OEMs and e-commerce platforms aiding growth. - Cost control measures and strategic tie-ups are positioning Cashify for potential profitability by FY25. Source: [Entrackr](https://entrackr.com/fintrackr/cashify-nears-rs-1000-cr-revenue-in-fy24-cuts-losses-by-two-third-8444250)

Cashify's revenue grew by 14.4% in FY24, reaching Rs 935 crore, while losses reduced by 63% to Rs 53 crore.
The sale of used electronics formed 91.5% of operating revenue, with partnerships with major OEMs and e-commerce platforms aiding growth.
Cost control measures and strategic tie-ups are positioning Cashify for potential profitability by FY25.

Source: Entrackr