Are you looking to invest in a reliable, tech-driven business in India? Starting a cashify franchise could be your next big opportunity. With the second-hand smartphone market booming and the growing demand for device recycling and repair, Cashify has emerged as a top brand in the mobile resale and refurbishment industry. This article will explore how you can benefit from becoming a franchise partner, the investment details, and what makes Cashify a strong and sustainable business model in 2025.
What is Cashify?
Cashify is India’s leading platform for selling used smartphones and electronic gadgets. The company buys old phones, laptops, tablets, and other gadgets from consumers, refurbishes them, and resells them through various online and offline channels. Founded in 2013, Cashify has grown rapidly and now operates over 200 physical stores across the country.
In addition to buying and selling pre-owned devices, Cashify offers smartphone repair services, accessory sales, and device recycling solutions. Its omnichannel business model caters to a tech-savvy generation that prefers value-driven purchases and sustainable alternatives to new electronics.
Why Choose a Cashify Franchise?
- High Demand Market
With millions of smartphone users upgrading their devices every year, the demand for buying and selling used phones is increasing. This makes a Cashify store a high-footfall business, especially in urban and semi-urban areas. - Strong Brand Recognition
Cashify is a well-known brand, trusted by customers and partnered with top OEMs like Apple, Samsung, and Xiaomi. Being associated with a reputable brand gives you a competitive edge. - Multiple Revenue Streams
As a franchise owner, you can earn not only from the sale of used devices but also from mobile repairs, device buybacks, accessories, and extended warranties. This diversification increases profit potential. - Tech-Enabled Support
Cashify provides franchisees with technology tools for inventory management, real-time pricing, customer leads, and order tracking. You don’t need prior tech experience to run the business efficiently.
Investment & Requirements
To open a Cashify franchise, the initial investment ranges between ₹15 to ₹20 lakhs, depending on the store size and location. This includes the franchise fee, interior setup, branding, and initial stock. The company also charges a nominal royalty on monthly revenue.
Requirements:
- A retail space of 250 to 400 square feet in a commercial area
- Basic retail knowledge or business experience
- Staff trained in customer service and device handling (training provided by Cashify)
Training and Support
Cashify offers a structured training program for all new franchisees. This includes operational training, product knowledge, software usage, and customer service best practices. The company also provides ongoing support through marketing, social media promotions, and local advertising.
In addition, Cashify has a dedicated franchise support team that helps you with location selection, interior design, store setup, and promotional events. Their goal is to ensure that each franchise store starts generating revenue within the first 3–6 months.
Expected Returns and Growth
Depending on your location and business efficiency, the average monthly revenue of a Cashify franchise can range between ₹2 to ₹5 lakhs. The net profit margin typically lies between 20% to 30%. With the rising trend of sustainable tech and budget-friendly gadgets, the business has strong growth potential in Tier 2 and Tier 3 cities as well.
By partnering with Cashify, you align yourself with an eco-friendly business that encourages recycling and reuse, contributing to a circular economy while making profits.
Final Thoughts
The Cashify franchise opportunity is ideal for entrepreneurs who want to tap into the growing electronics resale and repair market. With low operational risks, a scalable model, and solid brand backing, it offers both financial rewards and long-term business sustainability. Whether you are a first-time business owner or an existing retailer looking to diversify, Cashify’s franchise model is worth considering in 2025.
Would you like help finding the application link or eligibility checklist for becoming a Cashify partner?
