Manak Waste Management Pvt Ltd.
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Manak Waste Management Pvt Ltd. - overview
Established
2009
Location
New Delhi, Delhi, India
Primary Industry
Internet
About
Based in India, Manak Waste Management Pvt Ltd. , f. k. a ReGlobe, d.
b. a. Cashify operates as an online platform allowing users to sell, buy, recycle, and repair their pre-owned gadgets. In March 2021, the company raised USD 15 million in Series D funding led by Olympus Capital Asia.
Including the March 2021 funding, the company has raised a total of USD 27 million so far. Cashify offers multiple electronic devices and products, including smartphone covers, tempered glass, cables and chargers, and refurbished phones and laptops. The company also offers its own-branded mobile accessories and from other brands, such as Apple, Google, Nokia, OnePlus, Oppo, Realme, Samsung, Vivo Xiaomi and much more. In addition, the buyback category of the company includes tablets, laptops, smartwatches, smartphones and much more.
The company also gives opportunity to its customers to sell old phones and repair phone screens. As of March 2021, the company has also made a considerable presence in the offline market through stores and pop-up stores and has over 2 million customers across more than 1500 serviceable cities. The company plans to use its proceeds from March 2021 funding to further expand its presence in the offline market, expand its footprints in India and hire more talent.
Current Investors
Bessemer Venture Partners, Blume Ventures, M&S Partners
Primary Industry
Internet
Sub Industries
Consumer Electronics, Web Applications
Website
www.cashify.in
Verticals
Cloud Computing, E-commerce, Mobile Apps
Company Stage
Series E
Total Amount Raised
Subscriber access only
Manak Waste Management Pvt Ltd. - timeline of key events
Manak Waste Management Pvt Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,238,844 | 12,211,968 | 49,482,783 | 15,504,677 | 32,359,182 | 1,078,109,341 | 2,437,052,103 | 3,453,307,047 | - | - | - |
| % Revenue Growth (YoY) | - | (14.2%) | 305.2% | (68.7%) | 108.7% | 3231.7% | 126.0% | 41.7% | - | - | - |
| EBITDA (USD) | 485,817 | (3,842,346) | (2,530,671) | (47,663,463) | (81,743,348) | 13,651,099 | (424,524,203) | (424,409,582) | - | - | - |
| Operating Income (USD) | 485,817 | (3,958,144) | (2,704,894) | (48,454,426) | (83,253,671) | 11,895,831 | (438,004,834) | (455,624,921) | - | - | - |
| Operating Margin | 3.4% | (32.4%) | (5.5%) | (312.5%) | (257.3%) | 1.1% | (18.0%) | (13.2%) | - | - | - |
| % EBITDA Margin | 3.4% | (31.5%) | (5.1%) | (307.4%) | (252.6%) | 1.3% | (17.4%) | (12.3%) | - | - | - |
| NET Income (USD) | (150,543) | (3,748,565) | (2,723,103) | (47,469,549) | (83,330,083) | 10,412,140 | (438,012,497) | (462,547,816) | - | - | - |
| % Net Margin | (1.1%) | (30.7%) | (5.5%) | (306.2%) | (257.5%) | 1.0% | (18.0%) | (13.4%) | - | - | - |
Manak Waste Management Pvt Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series E | Completed | Manak Waste Management Pvt Ltd. | - | ||||||||
| Series E | Completed | Manak Waste Management Pvt Ltd. | - | ||||||||
| Add-on | Completed | PhoneShop | - | ||||||||
| Series D | Completed | Manak Waste Management Pvt Ltd. | - | ||||||||
| Series C | Completed | Manak Waste Management Pvt Ltd. | - |
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Manak Waste Management Pvt Ltd. - employee data
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