InstaCash Raises Funds & Announces Strategic Investment With CompAsia - GADGETS & INNOVATIONS


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Tuesday, August 21, 2018

InstaCash Raises Funds & Announces Strategic Investment With CompAsia

-InstaCash raised funding from “CompAsia”, a leader in mobile lifecycle solution in South East Asia

-InstaCash announces strategic Investment with CompAsia to expand its footprints in South Asian market.

-InstaCash launches its app in Malaysia

Jaipur based InstaCash, Co-founded by Prateek Goel and Dixit Singhvi is a re-commerce platform to sell old/used mobile phones, has raised an undisclosed amount of funding from CompAsia, a Singapore-based mobile lifecycle solution provider having footprints in major South East Asian and East Asian countries.

InstaCash plans to utilize the funds for scaling the business in India and expanding its reach in International markets like South East Asia and East Asia. Currently, InstaCash is operational in 13 & 8 cities in India and Malaysia respectively.  

Headquartered in Jaipur, InstaCash platform offers best resale price of the old phone along with home pickup and instant payment facilities. InstaCash mobile app tests the phone functionalities & conditions and uses an intelligent algorithm to provide the assured value of phone in no time. The key competitors of InstaCash are Cashify, Budli etc.

Recommerce or reverse commerce is the process of selling used, old, previously owned products through online or offline channels.

As InstaCash has already tapped its footprints in major cities of India, company plans to further focus on all India expansion by creating extensive brand awareness through both offline and online channels, eyeing its goal to sees itself as a future leader of re-commerce industry in India.

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