Cinch bags startup has raised US$28.8 million. Amount is a combination of debt and equity – in a round led by Monk’s Hill Ventures, co-founder and CEO Hamid.
Other investors also participating in round include Z Venture Capital, 1982 Ventures, Ratio Ventures, and DCG.
Also read – Pune-based Easebuzz Secures $30 Million in Series A Round Funding
After two years of developing his company in stealth mode, entrepreneur Mahir Hamid is ready to unveil Cinch, the device-as-a-service firm he co- founded in 2023.
About Cinch
Cinch is Asia’s most renowned Device-as-a-Service (DaaS) system offering consumers and businesses with access to affordable and flexible access to high-end technology without the environmental and financial costs associated with owning a device.
With an complete subscription structure, Cinch helps enterprises streamline the process of purchasing devices, financing them and lifecycle management while also providing consumers with low-cost accessible, flexible access to top-quality new devices. Through the integration of circular economic principles into the tech system, Cinch extends device lifespans as well as reduces the amount of e-waste that is generated. It also ensures that economic growth is in line with sustainability.
