Cashify buys UniShop as it looks to expand both online and offline

Re-commerce marketplace Cashify has acquired UniShop, a platform that helps neighbourhood retailers sell online, for an undisclosed amount in cash and stock as part of its plan to aggressively expand both online and offline.

Cashify, which raised $15 million in a Series D funding round from private equity firm Olympus Capital’s clean energy and sustainability arm in March, is in talks with new and existing investors to raise another $50 million, chief operating officer Nakul Kumar told ET.