India, March 4 -- Cashify, an online platform to sell used electronic gadgets for instant cash, has raised $15 Mn from New York-based Olympus Capital Asia, a middle-market private equity firm. Olympus has made the investment through Asia Environmental Partners (AEP), its clean energy and sustainability platform.

Founded in 2015 by Amit Sethi, Mandeep Manocha and Nakul Kumar, Cashify also sells its own brand of refurbished smartphones under the brand 'Phonepro'. The company plans to use the proceeds from this investment to further expand its footprint in India.

"We are looking forward to accelerating our investment in the electronics reuse and recycling sector and thereby enabling OEMs and consumers to materially reduce their carbon foot...