India, Oct. 6 -- Recommerce startup Cashify trimmed its net loss 80% to INR 10.6 Cr in the financial year 2024-25 (FY25) from INR 53.3 Cr in the previous fiscal year on the back of a notable uptick in its top line as well as improvement in its margins.

The startup posted an operating revenue of INR 1,095.9 Cr during the year under review, an increase of 17% from INR 935.1 Cr in FY24.

Besides generating revenue from selling refurbished products, it also earns by providing repairing services for the second hand devices sold on its platform. Both of these revenue streams almost contribute almost equally to the startup's top line in the fiscal year. It earned INR 999 Cr by selling refurbished products and INR 855.6 Cr from sale of services....