Cashify eyes investing Rs 20 crore for expanding offline kiosk model in India
Cashify eyes investing Rs 20 crore for expanding offline kiosk model in India

Cashify is looking at investing Rs 20 crore for expansion of its re-commerce business across 20 cities in India by the end of 2019. The major investment will be used in establishing kiosks and hiring manpower.

Cashify is the first brand in re-commerce ecosystem to start offline kiosk model in the country. The brand is planning to expand its offline presence aggressively across different geographies. It is eyeing to reach out to a total number of 20 cities with 75 kiosks by the end of 2019.

The company further looks to add 250 more people to their workforce for their offline model in order to help customers sell used phones instantly at these kiosks.

Aseem Goyal, VP (Retail Expansion), Cashify, said, "While Cashify’s retail model started with a vision to help customers to sell their old smartphones on the spot. But our offline ambition, in fact, is to go far beyond just helping smartphone users to sell their old phones. Buying back smartphone is what we are famous for, but we have a much bigger pool of services, which we are looking forward to offer to our customers through a chain of kiosks."

"We wanted to ensure that the service should be available easily to customers in the form of kiosks at key city points. We are also looking forward to add a pool of services under brand Cashify. ScreenPro, the instant screen repair service is one of them, offering quality smartphone accessories to customers is another. With offline kiosks we want to ensure whether somebody likes to sell an old phone, get their broken screen repaired or just want to buy accessories, they can get it all at the Cashify kiosks," he further stated.

 
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