Cashify Reveals Surging Demand for Refurbished Smartphones in India

[{"selector":"#anim-8c15ff53-4319-4720-b182-13299033445b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1c2cffbf-214b-443b-9c56-f2da7b4c18bd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Cashify Reveals Surging Demand for Refurbished Smartphones in India

[{"selector":"#anim-41c08727-2b94-43d9-86ef-e801ec287022","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c7ffeae9-c47f-4868-ba60-7c0f4c18c960","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Cashify’s annual whitepaper, “The Game Changers: From E-Waste to Eco-Warriors,” reveals significant growth in the refurbished smartphone market in India. – Key Findings :25% growth in Cashify’s buyback business. 444% increase in revenue from refurbished devices in CY2023.

[{"selector":"#anim-1874aae3-3427-4f36-a685-65388e419bb8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c4417478-1ff4-4823-a7c4-341edb493597","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Market Growth Insights Key Findings : – 25% growth in Cashify’s buyback business. – 444% increase in revenue from refurbished devices in CY2023.

[{"selector":"#anim-79a63382-10d8-4cc3-acec-0c1a17ce4b60","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2f5f8b79-f1fd-4f39-9086-0f735fdcb449","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Brand Performance in Refurbished Market – Apple Leads the Charge : – 38% growth in demand for refurbished iPhones in H1 2024. – iPhone 11 is the most popular refurbished model, dominating price points above INR 10K.

[{"selector":"#anim-348dd71a-627a-416d-88b5-83de687c92b6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-30ce965d-48e3-4893-b5d3-894c95b9d7fb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Cashify’s Position – Shift in consumer perception towards refurbished smartphones, ensuring reliability and data privacy. – Cashify sets industry standards by offering premium refurbished smartphones that are up to 50% cheaper than new models.