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Link Legal represented two Chinese investors – CDH and Morningside, in leading the $12 million Series C round of investment in Cashify, which also included investment from certain existing investors, namely Bessemer, Shunwei Ventures and Trifecta Venture Debt.
The transaction team from Link Legal included Partner Manish Gupta, Principal Associate Pratyush Khurana, and Associate Suraj Prasad.
Bessemer was represented by Khaitan & Co (Bangalore).
Trifecta was represented by Nishith Desai & Associates with a team led by Karan Kalra and Rishabh Sharma
Imperia Law acted for Cashify and the Founders.
Cashify is an online re-commerce platform to customers to enable the sale of their old or used electronic gadgets such as laptops, mobile phones, tablets, LCD screens and gaming consoles on a principal to principal basis with other willing buyers and the business of carrying on wholesale trading in pre-owned, refurbished and second-hand goods, rental of old & new gadgets, repair of electronic gadgets.