The Lifelong Hustler | Cashify

“I do not limit myself from thinking insane things, and trying to figure a logic on if you can do it” - Nakul Kumar

I have always found this debate fascinating - “Are entrepreneurs born or are they made?” and I usually get my guests on the Founder Thesis podcast to share their points of view on this. I had the pleasure of sitting down with Nakul Kumar of Cashify for a candid chat where we discussed everything right from being a student to building a successful eCommerce business. He was very enthusiastic about sharing his knowledge & experiences. And he had some unconventional insights on things.

Nakul Kumar is the Co-founder of Cashify, a recommerce leader in India with a focus on smartphones. Nakul is an MDI Gurgaon graduate and a serial entrepreneur. His first business was in the waste management domain where Nakul successfully started and managed the operations of a waste management plant and made gold from garbage. 

Today Cashify is the official buyback partner for top brands in smartphones such as Apple, Samsung & Xiaomi to name a few. Apart from buyback they also sell refurbished smartphones, smartphone accessories & smartphone repairs. Originating in 2013, Cashify now has over 15 Lakh customers & over 1 Million App Downloads. 

Nakul talked about starting a business as a fresh graduate without a clear business plan or any funding options. Nakul’s power-packed story is guaranteed to inspire many to set upon their own entrepreneurial journey.

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Some of the things he shared :-

• How to start a business without a concrete business plan or funding. 

• How to build credibility as a domain expert when you are just a fresh graduate. 

• How to raise VC Funding through networking events. 

• Advice for aspiring entrepreneurs on coming up with new business ideas.

Additional readings:-

1. Recommerce Startup Cashify Raises $90 Mn, Valuation Soars To $250 Mn

2. 70% bought refurbished phone due to affordability issues: Cashify survey

3. Cashify co-founder keeps changing his smartphone every two or three months

4. China, India biggest second-hand phone markets, says Cashify COO

You may be interested in these other stories in the eCommerce Space:

1. Sasidhar Nandigam shares the journey of scaling up CredR - India’s leading used two wheelers retailer ($38 mn raised till date)

2. Smytten - the ecommerce platform for D2C brands ($22 mn raised till date)

3. OTO Capital - the ecommerce and leasing platform for 2 wheelers (~$14mn raised till date)

One more thing before you go……the analytics only tell me so much, I want to hear what you feel and think about the conversations.

Mail me at ad@thepodium.in with your comments & feedback or if you just want to hear my comments on your startup idea - I love getting your emails!

Until the next founder's thesis📕,

Your host, AD