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Cashify targets profitability in FY26
Financial Express Kochi
|July 25, 2025
Growth Roadmap
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.
Co-founder Mandeep Manocha told FE that the company expects to close FY25 with revenue of around ₹1,150 crore, up from ₹954.9 crore in FY24. Losses are estimated to shrink to ₹10 crore from ₹53.3 crore in the previous fiscal. The company is yet to file its audited financials with the ministry of corporate affairs.
"On Ebitda level, we turned positive in FY24. We expect to turn full-year profitable by end of FY26," Manocha said.
This story is from the July 25, 2025 edition of Financial Express Kochi.
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