Link Legal represented two Chinese investors, CDH and Morningside, in leading the USD 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.
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.
The transaction team from Link Legal was comprised of Mr. Manish Gupta (Partner), and Mr. Pratyush Khurana (Principal Associate).
Bessemer was represented by Khaitan & Co (Bangalore), Trifecta was represented by Nishith Desai & Associates and the Company and the Founders were represented by Imperia Law.