Cashify’s FY25 income nears ₹1,100 crore, losses shrink 80%

Recommerce start-up Cashify reported nearly ₹1,100 crore in income in FY25 while reducing losses by 80%. The performance highlights operational efficiency, growth in device trade-ins, and expansion of its refurbishment ecosystem. The turnaround reflects how recommerce start-ups are aligning with MSME frameworks while scaling into sustainable business models. Cashify’s case signals growing investor confidence in the circular economy and emphasizes profitability alongside expansion. It also marks a shift in start-up funding sentiment, with profitability increasingly prioritized over growth-at-all-costs strategies.